Weekly Oil Statistics

April 1, 2020
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EIA reported a build of 13833 MBbls in U.S. crude-oil inventories for the week ending 3/27/2020. This was larger than the average estimate of 3920 MBbls as reported by Bloomberg.

Prices were down five minutes following the announcement, to $20.28, from $20.34 just before 9:30am.

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