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Thursday, 15 June 2017

Oil Holds Losses Below $45 on Surprise U.S. Gasoline Supply Gain - Bloomberg

Oil Holds Losses Below $45 on Surprise U.S. Gasoline Supply Gain - Bloomberg:

"Oil held losses below $45 a barrel after sliding to the lowest in seven months as U.S. gasoline supplies unexpectedly rose for a second week. Futures were little changed in New York after slumping 3.7 percent Wednesday, the first drop in four sessions. Motor fuel stockpiles expanded by 2.1 million barrels last week, the Energy Information Administration reported. Most analysts surveyed by Bloomberg had forecast a decline. Crude output rose while nationwide inventories fell less than predicted."



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