U.S. crude oil inventories increased last week

Source: London South East
Inventories of crude oil in the U.S. jumped 0.4 million barrels during the previous week, reaching 388.50 million barrels, while economists expected them to lose 0.2 million barrels. Therefore, oil inventories in the country, which is the largest oil consumer in the world, rose for the ninth consecutive week. The gain in inventories has a negative impact on oil prices, as they declined to $93 per barrel.

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