Alert Crude Oil

Weekly Oil Statistics

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By October 9, 2019 No Comments

EIA reported a build of 2927 MBbls in U.S. crude-oil inventories for the week ending 10/4/2019. This was larger than the average estimate of 1717 MBbls as reported by Bloomberg.

Prices were down five minutes following the announcement, to $53.11, from $53.18 just before 9:30am.