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Oil Slides as Iran Turns Down Saudi Offer

As the euro tumbles and optimism wanes from Algiers, oil prices are charging lower ahead of a likely build to crude inventories in tomorrow's weekly inventory report. Hark, here are five things to consider in energy markets...
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API Reports Larger-Than-Expected Total Crude Inventory Build For 6th Consecutive Week, Cushing Draw

Business & Finance : Zero Hedge

For the sixth week in a row, API reports a larger than expected 2.8mm inventory build (though that is lower than the last few week's build). Cushing stocks, however, saw a 508k draw, easing some storage concerns. Crude oil prices re...

Crude Tumbles After API Reports Surprisingly Large Inventory Build

Business & Finance : Zero Hedge

After 2 weeks of solid drawdowns, API reports a huge 4.6 million barrel inventory build last week - the 2nd biggest weekly build in over 5 months. Crude prices are dropping on the news... And as expected crude tumbled... Charts: Blo...

Oil Extends Losses as EIA Reports Filling Inventories

Business & Finance / Investing : Financial Sense

As the latest weekly inventory report from the EIA shows builds to both crude and gasoline, prices have reversed course and are charging lower. Hark, here are six things to consider in energy markets today.

Oil prices fall on U.S. crude inventory build, record Saudi output

Business & Finance : Business Insider: Clusterstock

By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell early on Thursday as a build in U.S. crude inventories and record Saudi Arabian production weighed on markets. U.S. West Texas Intermediate (WTI) crude futures were trading ...

Oil Pops After Crude Inventories Unexpectedly Drop

Business & Finance : Zero Hedge

In the week since the last API report, oil has ripped and dipped back to unchanged following an unexpected draw and Algiers disappointment, but prices jumped higher (tagging $45.00) as API noted a 752k draw (4th week in a row). This...

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