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Crude falls $0.43

Posted on: January 26, 2017

WTI prompt futures took a fall on bearish EIA inventory builds for both gasoline and crude, with particular attention to Nationwide gasoline stockpiles which were seven times above analyst expectations rising by a staggering 6.8 million bbl; crude on the other hand was relatively in line with expectations for a 2.93 million barrel build with actuals of 2.84 million.

Overall, the inventory data pushed futures $0.43 lower to a final close of $52.75.


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