Breaking: Oil Inventories Jumped by 4.7M Barrels – API
Investing.com – Oil prices pared much of their earlier gains Tuesday after the American Petroleum Institute reported a large build of weekly crude inventories.
- rose by 4.7 million barrels in its snapshot of stockpiles for the week ended Dec. 13, the API said.
- were up 0.6% after the report.
- U.S. government data is forecast to show a drawdown of 1.3 million barrels when the EIA reports its tomorrow morning.
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