(CNBC) U.S. stocks closed lower Thursday, stabilizing after their largest three-day gain since August, as investors eyed oil prices and corporate news.
"I think we're in a trading-range market. I think there's a need for time to indicate oil is stabilizing at current levels," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
U.S. crude oil futures came off session highs but managed to settle higher, up 11 cents at $30.77 a barrel, after weekly crude inventories rose by 2.1 million barrels.
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