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Crude Oil Falls

23 March 2005
Author: site admin Posted under Investing

The EIA reports that crude oil inventories rose 4.1 mln barrels with analysts expecting a 2.0 mln rise. Distillate fuel fell 2.8 mln barrels where analysts expected a 1.2 mln fall. Gasoline inventories fell 4.1 mln barrels with analysts expecting a 1.5 mln fall. Consequently crude oil is selling off and is now down to the 53.60 area (-2.43).


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