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WTI Plunges Below $50 On Biggest Inventory Build In 6 Months

Following last night's bigger than expected build from API, DOE reports an even bigger (4.85 mm barrel) build - the biggest since April (and first build in six weeks). Cushing, Gasoline, and Distillates saw bigger than expected draws (likely presured by Hurricane effects). While Production dropped very modestly on the week, WTI plunged off early high back below $50. API Crude +2.
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