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Oil Prices Soar On Huge Inventory Draw

A day after yet another bullish oil inventory estimate from the American Petroleum Institute, the Energy Information Administration reported another solid decline in inventories, which added fuel to the price rally. The EIA said crude oil inventories had shed 8.5 …Read more





Oil Price Fundamental Daily Forecast Rate Cut Optimism Traders Betting on Another Supply Decline

Thats whats driving the price action today in my opinion Last week the American Petroleum Institute API reported a huge crude oil inventory draw of 10961 million barrels for the
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Oil falls 16 despite big draw in crude inventories Mideast tensions

Oil prices fells on Wednesday erasing earlier gains despite the Energy Information Administration data showing a big draw in US crude inventories Brent crude futures fell 50 cents to 6333 a barrel while US West Texas Intermediate crude fell 89
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Oil rises on Iran tensions US inventory decline

LONDON July 25 Reuters – Oil rose 1 on Thursday amid Middle East tensions and a big fall in US crude stocks but prices faced EIAS While that draw was influenced by temporary factors – Hurricane Barry – US crude inventories have plunged
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Oil futures pare gains on storm-fueled 11 million-barrel drop in US crude supplies

Oil futures pared gains Wednesday as the market attributed the hefty weekly declines in US crude inventories and production to the temporary disruptions caused by Gulf of Mexico storm Barry earlier this month The big supply decline reported by the
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Oil Prices Soar On Huge Inventory Draw

A day after yet another bullish oil inventory estimate from the American Petroleum Institute the Energy Information Administration reported another solid decline in inventories which added fuel
Read more

Oil Price Fundamental Daily Forecast EIA Report Expected to Show 42M Draw

Crude oil prices jumped late Tuesday following a report that showed the largest crude inventory draw of the year The API reported a huge crude oil draw of 10961 million barrels for the week
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