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Oil Prices Fall on Record High U.S. Crude Production
Oil prices fell on Thursday in Asia after the U.S. Energy Information Administration (EIA) reported that U.S. crude oil production reached a record 11.9 million barrels per day in the week ending Jan. 11, up from 11.7 million bpd a week earlier.
Crude Oil WTI Futures were down 0.7% at $51.97 per barrel by 12:48 AM ET (05:48 GMT).
International Brent Oil Futures slid 0.6% to $60.99 per barrel.
The EIA also reported that gasoline inventories rose by 7.5 million barrels, compared to expectations for a stock build of 2.77 million barrels, while distillate stockpiles increased by 2.97 million barrels, compared to forecasts for a gain of 1.57 million.
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Oil Prices Fall on Record High U.S. Crude Production
Oil prices fell on Thursday in Asia after the U.S. Energy Information Administration (EIA) reported that U.S. crude oil production reached a record 11.9 million barrels per day in the week ending Jan. 11, up from 11.7 million bpd a week earlier.
Crude Oil WTI Futures were down 0.7% at $51.97 per barrel by 12:48 AM ET (05:48 GMT).
International Brent Oil Futures slid 0.6% to $60.99 per barrel.
The EIA also reported that gasoline inventories rose by 7.5 million barrels, compared to expectations for a stock build of 2.77 million barrels, while distillate stockpiles increased by 2.97 million barrels, compared to forecasts for a gain of 1.57 million.
For More Information Contact Us-9719026661
https://api.whatsapp.com/send?phone=919720003255
www.royaltraders.co
Best Accuracy Of RoyalTraders
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