Oil Inventories Rise Hit Three Month High –

Crude oil inventories continue to rise and hit a three month high last week.  The Energy Department indicated that crude oil supplies increased to 338.9 million barrels.  That mark is 4.18 million barrels higher than the previous week.  Gasoline also had weak demand with consumption falling 7.97 million barrels a day.  Gasoline inventories increased by 3 million barrels last week.

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Jim Sutliff

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