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US Crude Oil Inventories Surge by 15.2 M Barrels

M. Ali 9 December, 2020 10:44 pm Commodities, Market Update

Crude oil inventories in the United States surged last week, data by the Energy Information Administration (EIA) showed on Wednesday.

Oil stockpiles went up by 15.2 million barrels in the week to December 4, reaching a total of 503.2 million barrels.

This is the largest rise in crude oil inventories since April.

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