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Crude falls $1.33

Posted on: August 25, 2016

Crude bulls got a bit of a wake up call on Wednesday, as a bearish EIA report smacked some optimism out of the market. WTI fell $1.33 to settle at $46.77 while Brent gave back 91 cents to settle at $49.05. The EIA report showed builds across the board, even in gasoline stocks when a decent decline was expected while the biggest crude build occurred in PADD 1.

This morning the curve is trading lower as North America returns to work.


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Cold weather emerged over the long weekend in the US Midwest to East as anticipated.


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