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Oil Slips Below $62 After Report Shows Rise In Us Crude Inventory | Business Standard News

by business-standard.com posted 2weeks ago 18 views
U.S. crude inventories rose by 2.5 million barrels last week and gasoline stocks also increased. : Oil edged below $62 a barrel on Wednesday after a report showed a rise in U.S. crude inventories, countering expectations of a tightening market in 2019 due to OPEC-led supply cuts and U.S. sanctions on Venezuela. U.S. crude inventories rose by 2.5 million barrels last week and gasoline stocks also increased, the American Petroleum Institute said. The government's official supply report is due out later on Wednesday.

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