Sunday, December 29, 2013

Crude Oil: Crude Trading Higher as US Oil Stockpiles Declined

On Friday, Crude Oil prices advanced 0.57% against the USD for the period ending 21:00GMT, closing at 100.18, after the government data indicated a larger-than-expected decline in US inventories. The Energy Information Administration (EIA) reported that the US crude inventories dropped by 4.70 million barrels to 367.60 million barrels for the week ended December 20.



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