Fundamental Oil Report (2009-10-28)

28 October 2009 @ 03:55 am EDT

NewsEIA Report
Previous1.3 million barrels
Forecast1.6 million barrels
AnalysisCrude oil lingered on Wednesday above $79 a barrel ahead of the release of the EIA report later on today. Prices yesterday gained after the release of the API report which showed that U.S. crude stockpiles slipped 1% to 339.5 million the previous week.

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