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Crude down by $0.29

Posted on: December 30, 2016

Crude prompt futures traded in a range of $0.75 on Thursday and settled the day at $53.77, losing $0.29. Brent fell by 8 cents to close at $56.14. US crude inventory figures were released which set the bearish tone for crude. The EIA reported a build of crude inventories by 614k barrels. Gasoline inventories fell by 1.6MM barrels and distillates by 1.9MM barrels.

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