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Oil Moves Lower as EIA Confirms Small Crude, Gasoline Build

Oil Moves Lower as EIA Confirms Small Crude, Gasoline Build

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Stu Turley
Sep 11, 2024
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Energy News Beat
Energy News Beat
Oil Moves Lower as EIA Confirms Small Crude, Gasoline Build
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Oil

Crude oil prices went down today after the Energy Information Administration reported an estimated inventory build of 800,000 barrels for the week to September 6.

This compared with a draw of 6.9 million barrels for the previous week, which however failed to move prices in a positive direction as it got drowned by pessimism about demand.

On Tuesday, the A…

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