| The Department of Energy reported this morning that in the week ending July 22, 2011, U.S. crude oil inventories increased by 2.3 million barrels, gasoline inventories increased by 1 million barrels, distillate inventories increased by 3.4 million barrels and total petroleum inventories increased by 11.4 million barrels.
Crude oil prices didn't react much to the latest EIA report. WTI fell modestly toward $98, but those prices were likely following equity markets lower...............................................Full Article: Source
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