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United States: Crude Oil Inventories lower than estimates at -4.4M

09/16/2020 | 10:43am

The consensus counted on 2.1M. The previous publication was 2.0M.

This statistic is the number of barrels of crude oil still in stock in commercial companies during the previous week. The result should affect the price of oil but also on the oil services companies that remain highly dependent on changes in inventories and oil prices. Decreasing inventories could also be a sign of a recovery of the global economic activity and lead to higher inflation. This indicator is published by the Energy Information Administration every Wednesday.
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