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EIA Shows Crude Oil Inventories Still Rising
Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector.
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Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her… Crude oil inventories in the United States saw a massive increase of 4.4 million barrels during the week ending August 14, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 428.8 million barrels, according to government data, which is now right about at the five-year average for this time of year.
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