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  • American Petroleum Institute (API) crude oil inventories up 11.4 million bbls

    From forexlive.com

    American Petroleum Institute (API) crude oil inventory data result for the week ended January 22 • Crude inventories showed a huge build, up 11.4 million barrels in the week • Crude stocks at Cushing fell by 664K barrels Has anyone got a spare bedroom or space in the shed? - there are a few oil companies looking for some extra storage

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  • Jan 26, 2016 5:45pm Jan 26, 2016 5:45pm
Up 11.4 million bbls?!?! Am I reading it correctly?
  • #2
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  • Jan 26, 2016 6:11pm Jan 26, 2016 6:11pm
Hoping to buy crude under 25
  • #3
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  • Jan 26, 2016 6:36pm Jan 26, 2016 6:36pm
OMG, oil price is going to 20/barrel?
  • #4
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  • Jan 26, 2016 7:00pm Jan 26, 2016 7:00pm
There is a normal stockpile of oil twice a year when they switch from heavy grades for heating oil to the lighter grades for gasoline. Refineries go offline to make the switch. This is nothing new
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  • Posted: Jan 26, 2016 4:33pm
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 4  /  Views: 3,202