Surprise inventory build shocks markets

OIL PRICES fell earlier in the week but regained some ground overnight despite the latest Energy Information Administration data which showed crude inventories at a record high, raising fears of an ongoing glut in demand.

11 June 2020
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According to the latest US EIA report, crude stocks had risen by 5.7 million barrels over the week ending June 5, to 538.1MMbbls.

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