Crude oil prices retreated further today after the U.S. Energy Information Administration reported crude oil inventories had added 3.3 million barrels over the week to July 8. This compared with a hefty build of 8.2 million barrels estimated for the previous week. A day before the EIA released its weekly report, the American Petroleum Institute estimated a 4.
76 million barrels for the week to July 9. In gasoline, the EIA estimated an inventory increase of 5.8 million barrels for last week, which compared with a draw of 2.5 million barrels for the…Oil Prices Slide As EIA Reports Crude Build
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