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United States: Crude Oil Inventories higher than estimates at 5,9M

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09/13/2017 | 04:31pm CEST

The consensus counted on 4,1M

This statistic is the number of barrels of oil still in stock in the company during the previous week. The result should affect the price of oil but also on the oil services companies that remain highly dependent on changes in inventories and oil prices. A decrease in inventories could also be a sign of a recovery in global economic activity and lead to higher inflation. This indicator is published by the EIA (Energy Information Administration).


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