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Oil prices pare gains after EIA inventory data By Investing.com

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follow the latest news of” market news” from different sites to most famous technicals /Tim Clayton by 2017-01-06 at 12:28

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EIA Weekly Crude Oil Stocks Decline 7.1 Million Barrels, WTI Slides On Substantial Fuel Build

EIA Weekly Crude Oil Stocks Decline 7.1 Million Barrels, WTI Slides On Substantial Fuel Build*/

– The latest Energy Information Administration (EIA) data recorded a draw of 7.1mn barrels for the week ending December 30th following a build of 0.6mn the previous week.The consensus forecast was for a smaller draw of 2.0mn barrels, although markets were expecting a larger draw given the API reported draw of 7.4mn barrels.Overall crude inventories at 479bn barrels are 6.2% above the year-ago figure.
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EIA Reports Crude Oil Inventory Build Of 0.6 Million Barrels, Fuel Stocks Decline

EIA Reports Crude Oil Inventory Build Of 0.6 Million Barrels, Fuel Stocks Decline*/

– The latest Energy Information Administration (EIA) data recorded a build of 0.6mn barrels in the latest week after a build of 2.3mn the previous week.Official consensus forecasts were for a draw of around 1.3mn barrels, although markets were expecting a build following the API draw of 4.2mn barrels released on Tuesday.Stocks remain 6.8% above the level seen last year at 486.1mn barrels.
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Oil prices pare gains after EIA inventory data By Investing.com

Oil prices pare gains after EIA inventory data By Investing.com*/

– Oil prices pare gains after U.S. Energy Information Administration supply dataInvesting.com – Oil prices pared back gains on Thursday, as offset a larger-than-forecast drawdown in U.S. crude inventories, according to a report released by the U.S. Energy Information Administration.oil was up 10 cents or 0.8% at $53.36 a barrel at 11.05 ET from around $53.89 ahead of the report.Global benchmark futures were at $56.58 as barrel, up 13 cents or 0.23% from $57.09 earlier.
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