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Oil Prices Daily Newsletter for 2/8/17
+Oil rises as US gasoline inventories unexpectedly decline – Bloomberg
+Oil reverses losses on signs of gasoline demand – WSJ
+Improved gasoline demand sends crude up; OPEC mulls extending deal – IBD
+OPEC ministers say the market might need more oil cuts – Bloomberg
+Qatar says oil market can cope with higher shale output – Arab News
+Nigeria struggles to boost oil output; that’s good for OPEC – Bloomberg
EIA Shows Record Crude Build of 13.8 Million Barrels
Crude oil inventories built by an unexpected 13.8 million barrels last week. Also unexpected was a draw in gasoline inventories of 0.9 million barrels.
US oil production was up by 63,000 barrels.
+Weekly Petroleum Status Report – EIA
+US Petroleum Balance Sheet – EIA
+US Crude Oil Stocks by PAD District – EIA
For more analysis and charts of today s oil price movements, visit the Oil Prices Daily Newsletter for 2/78/17
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