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U.S. crude stocks up 14.420 mn barrels vs forecast rise 1.013 mn

Published 11/02/2016, 11:39 AM
Updated 11/02/2016, 11:39 AM

Investing.com - U.S. crude stocks rose much more than expected in the latest week, official data showed Wednesday. The EIA said crude stocks rose by 14.420 mn barrels after a fall of 553,000 barrels the previous week. Crude inventories were forecast to rise by 1.013 mn barrels. Gasoline stocks fell by 2.207 mn barrels after a drop of 1.956 mn barrels the previous week. Gasoline inventories were forecast to fall by 1.124 mn barrels. U.S. crude down 3.34% at $45.11 after data release, extending earlier losses of over 1%.

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