Economic Growth Forecast Lowered –

Crude oil fell to $94 a barrel after the Federal Reserve lowered the economic growth forecast.  Crude oil inventories also fell 1.71 million barrels which was slightly less than analysts had expected.  The Energy Department also released figures that showed a drop in gasoline inventory by 464,000 barrels.  Gasoline had been expected to increase by 1 million barrels.

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James Sutliff

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