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Commodities Briefing - Categorized | Oil, Trading more

OPEC, Iran, API and Libya focus of oil traders

Posted on 19 December 2013

Crude oil is trading at 97.66 climbing 18 cents this morning after the release of the weekly American Petroleum Institute’s inventory report. The American Petroleum Institute late Tuesday reported a 2.5 million-barrel fall in U.S. crude supplies for the week ended Dec. 13, according to data from sources.
Analysts had forecast a decline of 4 million barrels in crude supplies. Sources also said the API reported gasoline stockpiles down 481,000 barrels, while distillate supplies fell 434,000 barrels. Analysts were looking for gasoline supplies to rise by 1.4 million barrels and distillate inventories to decline by 1 million barrels………………………………………..Full Article: Source


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