A build in everything and oil shoots up. I'm done with oil.
US crude inventories rise by 4.1 million barrels, EIA says
Oil prices rose on Wednesday, following news of Saudi supply cuts to Asia, but persistent doubt over output reductions and signs of rising shipments from other producers kept gains in check. Brent crude futures were up 31 cents, or 0.58 percent, at $53.95 a barrel by 10:35 a.m. ET (1535 GMT), while U.S. West Texas Intermediate (WTI) crude oil futures were up 26 cents, or 0.51 percent, at $51.08 a barrel. U.S. gasoline prices were also up 1.7 percent at $1.573, on pace for only their second positive day this year. On Wednesday, the U.S. Energy Information Administration said U.S. crude inventories increased by 4.1 million ... (full story)
- Posted: Jan 11, 2017 10:39am
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