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Crude oil inventories +4740K vs -1700K estimate.

Weekly crude oil inventory data from the DOE

  • Crude oil inventories, +4740K vs -1700K est
  • Cushing OK crude inventory, 1266K va 1805K last week
  • Gasoline inventory, 3716K vs -850K estimate
  • Distillate inventory, 768K vs -500K estimate

The private data from the API showed a +2400 build but this is even larger.  THe price of crude oil has moved down to $62.30

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