Oil Prices Cool Down After EIA Report 2.1 Million Barrel Build

The U.S. Energy Information Administration (EIA) has released its weekly crude oil inventory report, showing an increase of 2.1 million barrels last week, sending oil prices down by over a dollar. On the inventory news, the price per barrel of US benchmark WTI dropped to $30.52 and Brent crude dropped to $34.52. Total U.S. commercial crude inventory is now at 504.1 million barrels–a record for this time of year, and a level not seen in eight decades. Total gasoline inventories increased by 3 million barrels last week, while distillate inventories…

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Oil Prices Cool Down After EIA Report 2.1 Million Barrel Build

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