NYMEX trades below $50 amid inventory jump

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Source: Marketwatch
US Crude futures traded below $50 dollars a barrel, after unexpectedly rise of 2.5 million barrels in weekly crude inventories. The US-traded NYMEX edged 0.2% higher to $49.29 a barrel, while across the pond, the Brent Crude futures were 0.1% lower to $56.05 a barrel by 7:20 AM GMT. Moreover, the NYMEX futures have fallen by more than 17% in July and have booked losses in 16 of the last 20 trading sessions. 
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Thu, 23 Jul 2015 08:09:08 GMT

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