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OPINION

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.

paul hunt
Surprise inventory build shocks markets

 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.  The EIA data came a day after the American Petroleum Institute reported...

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