Crude Oil Falls On Inventory Data –

Crude oil fell after an Energy Department report indicated that inventories rose 3.42 million barrels.  The increase puts crude oil inventories at their highest levels since last October.  A Bloomberg survey of analysts had predicted a rise in crude inventories of 2 million barrels.  The survey had also expected a rise in gasoline inventories of 500,000 barrels.  Gasoline inventories declined 1.05 million barrels even as gasoline consumption fell 8.94 million barrels last week.   

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James Sutliff

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