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NewsBreak: U.S. Oil Inventories Rose 1.6M Last Week

Published 11/27/2019, 11:16 PM
Updated 11/27/2019, 11:51 PM
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Investing.com - Inventories of U.S. crude rose unexpectedly last week, the Energy Information Administration said Wednesday.

  • The EIA said oil inventories rose 1.572 million barrels for the week ended Nov. 22, compared with analysts’ expectations for a decline of 418,000, according to forecasts compiled by Investing.com.
  • Gasoline inventories jumped by about 5.1 million barrels, versus expectations for a rise of about 1.2 million barrels. Distillate stockpiles were in line with a rise of 725,000 barrels, compared with forecasts for a rise of 750,000 barrels.
    • WTI futures fell nearly 0.5% after the report. They were about flat ahead of the numbers.

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