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U.S. Oil Inventories Increase Amid High Production

U.S. Oil Inventories Increase Amid High Production


Oct. 25, 2023 11:07 am ET

U.S. oil inventories rose by more than expected last week according to data released Wednesday by the Energy Information Administration, weakening already declining crude prices.

The Nymex front-month crude contract for December delivery was recently down 1% at $83 a barrel.

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