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US Oil Inventories Down 4.4 M Barrels

M. Ali 16 September, 2020 8:39 pm Commodities, Market Update

Data of the United States Energy Information Administration’s (EIA) weekly report showed on Wednesday that crude oil inventories in the US declined by 4.4 million barrels last week.

This comes against market analysts’ expectations of a 1.27 million barrel rise in US oil stockpiles.

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