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U.S. Oil Inventories Jump as Cushing Stocks Keep Falling

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by a very large 7.14 million barrels in the week ending September 11.

  • U.S. crude oil inventories rose by 7.14 million barrels in the week ending September 11
  • Commercial crude oil inventories fell over 41 million barrels in the past 22 weeks
  • Strategic Petroleum Reserve held 285 million barrels as of September 11

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