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US Oil Inventories Rise by 2 M Barrels

M. Ali 10 September, 2020 7:55 pm Commodities, Market Update

Crude oil inventories in the United States rose last week by 2 million barrels, as shown by the US Energy Information Administration (EIA) weekly report on Thursday.

The increase in oil stockpiles, which came against market expectations of a 1.3 million barrel decline, ended six consecutive weeks of inventories decline.

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