More bad news for petroleum prices:
- Crude inventories fell 5,320,000 vs. consensus of a 300,000 gain.
- Gasoline inventories fell 755,000, vs. consensus of a 250,000 gain.
- Distillates increased 728,000 vs. consensus of a 1,425,000 gain.
Update: Oil hit another trading record today at over $134. Fantastic…
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