Alert Crude Oil

Weekly Oil Statistics

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By August 14, 2019 No Comments

EIA reported a build of 1580 MBbls in U.S. crude-oil inventories for the week ending 8/9/2019. This was smaller than the average estimate of -2190 MBbls as reported by Bloomberg.

Prices were up five minutes following the announcement, to $55.39, from $55.11 just before 9:30am.