Crude Oil Inventories Jump –

Crude oil inventories jumped 3.8 million barrels according to a report from the U.S. Department of Energy.  The increase was more than three times the 1.2 million barrels that was predicted by analysts.  Market factors also weighed on oil prices and the commodity fell in trading.  Gasoline and distillate stocks fell more than expected but the decrease did not impact trading activity.

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James Sutliff

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