Oil Sheds Over 3% As Markets Remain Unconvinced On China ...Middle East

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Oil Sheds Over 3% As Markets Remain Unconvinced On China
source : OILPRICE ( Middle East ) () 51
A day after the Energy Information Administration (EIA) released its inventory report showing a 3.59-million-barrel jump in U.S. crude oil stockpiles, oil prices are trading down well over 3%. At 10:39 a.m. on Thursday, Brent crude was trading down 3.18% at $78.60, pulling further from the $80 threshold. West Texas Intermediate (WTI) was trading down 3.43%, at $74.03, for a loss of $2.63 on the day. The EIA’s crude stockpile build was the highest since August. Data reports showing lower oil processing runs from Chinese…

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