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Oil Slides After API Reports Double Expected Inventory Build
With December's seasonal shenanigans out of the way, and following 2 record-breaking weekly builds in gasoline stocks, with expectations of a 2.3mm barrel build API reported a large 4.5mm inventory build (double expectations) . Cushing inventories likely rose for the 12th week in a row. December is over...Following crude's v-shaped recovery today, API's huge build sent WTI back lower...