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Oil Prices Fall On Larger Than Expected Crude Inventory Build

28 Apr 2022
Oil Prices Fall On Larger Than Expected Crude Inventory Build
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The American Petroleum Institute (API) reported a surprise build this week for crude oil of 4.784 million barrels, compared to analyst predictions of a much smaller 600.000 barrel build.
 
U.S. crude inventories have shed some 71 million barrels since the start of 2021 and about 14 million barrels since the start of 2020.
 
In the week prior, the API reported a surprise draw in crude oil inventories of 4.49 million barrels after analysts had predicted a build of 2.533 million barrels.
 
For more information, click here :
https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Fall-On-Larger-Than-Expected-Crude-Inventory-Build.html
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By DAVOR Marketing Team
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