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Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Oil Inventories Fell by 8.3M Barrels Last Week: API

Investing.com
·1 min read

Investing.com - U.S. crude stockpiles crude inventories fell by 8.3 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute.

Analysts expect that the Energy Information Administration will report a draw of 2.1 million barrels when it issues numbers Wednesday morning. The EIA numbers are due at 10:30 AM ET (14:30 GMT).

Crude Oil WTI Futures up were 0.95% following the release, after settling up 19 cents at $40.29 a barrel Tuesday in regular trading.

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