Oil prices slip on surprise build in U.S. crude stocks - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 13 December 2022

Oil prices slip on surprise build in U.S. crude stocks

U.S. crude inventories rose by about 7.8 million barrels in the week to Dec. 9, according to market sources citing data from the American Petroleum Institute, while analysts polled by Reuters had expected a 3.6 million barrel drop in stocks. Product stocks also jumped, with gasoline inventories up by about 900,000 barrels and distillate stocks up by 3.4 million barrels, API data showed.

from Commodities-Markets-Economic Times
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