Crude oil slips as US gasoline and distillate stocks gain |
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Headlines Stronger greenback and cheaper crude push precious metals down China’s intention to cancel 4% export rebate sends zinc price higher Brent and Distillates Crude prices slipped more than 2 $/b on Wednesday as U.S. stocks satisfied investors and concerns eased that hurricane Dolly would hit oil installations and production in the Gulf of Mexico. U.S. crude stocks fell 1.6 mln.bbl. last week, i.e. above the consensus forecast for a decline of 700 kb. On the contrary, gasoline stocks rose
Filed under: Futures
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