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Home > Crude Extends Gains After API Reports Large Drop In Inventories

Crude Extends Gains After API Reports Large Drop In Inventories

By Tyler Durden
Created 07/14/2015 - 15:39
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 07/14/2015 15:39 -0500



 

After a brief respite of 2 weeks of inventory builds, API just reported a major 7.3 million barrel inventory draw (far bigger than the 1.2mm barrel expected) and the biggest since July 2014...

 

[3]

 

WTI Crude has jumped back above $53 on the news...

[4]

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-07-14/crude-extends-gains-after-api-reports-large-drop-inventories

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