Thursday, July 14, 2016

Oil Market Update : Epic Research Singapore

Oil futures fell more than 4% Wednesday, giving up just about all of their gains from a day earlier, after a government report revealed that U.S. output edged higher in the latest week, and supplies of gasoline and distillates saw sizable gains.

The report from the Energy Information Administration also showed that crude stockpiles fell a bit less than some analysts expected.

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