Focus on oil inventories |
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Oil inventories were in focus when prices up to the release of the data had risen to USD 117 a barrel for the US reference contract. The inventories announced at 16.35 (Danish time) were something of a surprise, showing two sharply conflicting movements of gasoline and crude oil. Crude oil inventories had risen by more than 9 million barrels, while consensus was for only 0.8 million. But gasoline stocks had been reduced by 6.2 million barrels. The big rise in crude oil stocks was chiefly due
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