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US Crude Oil Inventory Dropped Less than Expected. Price Continued to Fall on Omicron Concerns


The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose +4.27 mmb to 1222.16 mmb in the week ended November 26. Crude oil inventory dropped -0.91 mmb to 433 mmb, compared with consensus of a -1.24 mmb decrease. Inventory increased in 3 out of […]

The post US Crude Oil Inventory Dropped Less than Expected. Price Continued to Fall on Omicron Concerns appeared first on Action Forex.

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