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EIA Shows Crude Oil Inventories Still Rising

Crude oil inventories in the United States saw a massive increase of 4.4 million barrels during the week ending August 14, according to new data from the U.S.

  • U.S. crude oil inventories rose by 4.4 million barrels in week ending August 14
  • Total commercial stockpiles reached 428.8 million barrels, near five-year average
  • Crude futures at $1001 per barrel, Brent at $91.41 per barrel

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