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Crude Oil Inventories Show a Sharp Decline

Oil is getting a boost this morning following the weekly EIA inventory report which showed that crude oil stockpiles decreased by 3,963K barrels (expectations called for a build of 1,500K).  At a time of year when stockpiles are typically rising, today's inventory decline came as a big surprise.

Crude Oil Inventories110409

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November 04, 2009 at 10:51 AM in Commodities |

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