The Energy Information Administration said supplies of crude oil rose by 2.7 million barrels for the week ended Oct. 28. Analysts had predicted a build of 2 million barrels, according to Briefing.com.
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Crude Oil Fell On Supplies Report
Crude oil was down about 11 cents a barrel before the EIA report
Crude oil was down about 11 cents a barrel before the Energy Information Administration report, slipped right after it, then rose above $60 before pulling back.
U.S. crude for December delivery was down 35 cents to $59.50 a barrel on the New York Mercantile Exchange.
The Energy Information Administration said supplies of crude oil rose by 2.7 million barrels for the week ended Oct. 28. Analysts had predicted a build of 2 million barrels, according to Briefing.com.
The Energy Information Administration said supplies of crude oil rose by 2.7 million barrels for the week ended Oct. 28. Analysts had predicted a build of 2 million barrels, according to Briefing.com.
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