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oil reserves

U.S. crude oil reserves experienced an unexpected decrease of 600,000 barrels, according to a report released last week by the Energy Information Administration. This development contradicts the projections of experts in the field, who expected an increase of 500,000 barrels during the period from…
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US oil reserves fall about 17 million barrels

The US Energy Information Agency (EIA) revealed that commercial oil reserves in the United States suffered a spectacular drop of 17 million barrels during the week ending July 28. This reduction is much greater than what the market expected…