Crude Inventories Fall –

The Department of Energy released the weekly inventory report which indicates a decrease in crude oil inventories.  Crude oil inventories declined 2.2 million barrels which was a sharper decline than expected.  However, inventories for gasoline increased 5.1 million barrels and heating oil also showed an increase.  Inventory levels for crude are still higher than this time last year. 

To read a related Wall Street Journal article, please click here:

James Sutliff

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