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Crude gains $0.86

Posted on: February 24, 2017

Crude prompt futures gained $0.86 on Thursday and settled at $54.45. The market responded positively overnight to the API report, and held the momentum through the day with the EIA data release, which showed a build of 564,000 in crude stocks.

Gasoline was down by 2.628 million barrels and Distillates were drawn 4.924 million barrels, both of which were higher than expectations.


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