Business
U.S. Crude Oil Inventories See Modest Weekly Build
U.S. crude oil inventories edged up in a fourth consecutive weekly increase as both imports and exports fell and production held steady, according to data released Wednesday by the U.S. Energy Information Administration.
Commercial crude oil stocks excluding the Strategic Petroleum Reserve rose by 95,000 barrels to 428.9 million barrels in the week ended Aug. 21 and were about 1% above the five-year average for the time of year, the EIA said. Crude stocks were expected to have risen by 500,000 barrels, according to a Wall Street Journal survey of analysts.
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