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Biggest Draw In Crude Stocks This Century Sees Oil Prices Spike
Oilprice.com ^ | 08-09-2016 | EIA

Posted on 09/08/2016 8:53:07 AM PDT by bananaman22

U.S. commercial crude oil inventories declined by 14.5 million barrels during the week ending on September 2nd, according to the Energy Information Administration’s latest report.

The American Petroleum Institute (API) report on domestic inventories anticipated a 12 million barrel draw in crude supplies, against expert predictions that inventories would increase by 905,000 barrels.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy
KEYWORDS: eia; inventories; oil; storage

1 posted on 09/08/2016 8:53:07 AM PDT by bananaman22
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To: bananaman22

Ugh. This gives me a headache. Oil prices down! Oil prices up! Oil prices stay the same!


2 posted on 09/08/2016 9:06:19 AM PDT by Fido969 (Maybe I';ve been posting for the last 10 years, and rather than spew cr@p you could look up my posts)
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To: bananaman22

Switch to winter grade gasoline bringing refinery back on line?


3 posted on 09/08/2016 9:38:19 AM PDT by Ozark Tom (The binding rules only allow hints to be given freely in lieu of actual disclosures.)
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