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Crude Oil Inventory Live

Crude Oil Updates
U.S. crude inventories fell more than analysts' expectations last week, according to data released Wednesday by the U.S. Department of Energy.

Crude oil stockpiles fell 10.6 million barrels to 323.6 million barrels, compared with an average survey estimate of a drop of 2.4 million barrels. The American Petroleum Institute, an industry group, reported a 4.6 million-barrel draw in its weekly report released Tuesday. Futures prices rocketed higher on the news Wednesday, rising 0.9% in the minutes after the release, to $98.94 a barrel on the New York Mercantile Exchange. Gasoline futures were up 1.4% to $2.6165 a gallon, and heating oil was up 2% to $2.9063 a gallon.

The week before, crude oil inventories decreased by 1.90 million barrels to 334.20 million barrels. In MCX, Crude up by 0.89% at finally trade on 5199.10.
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