Crude oil prices down US crude stock up for 10 consecutive weeks



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– Crude oil prices have fallen. According to the US Energy Information Administration (EIA), US gross inventories for the week ending November 23, 61 increased by 3.6 million barrels, an increase of only 769,000 barrels. The benchmark rose for the 10th consecutive week to 450 million barrels, its highest level this year. The United States is at Cushing's delivery point. Oklahoma increased by 1.2 million barrels. – Diesel stock in the United States. Gasoline inventories decreased by 764,000 barrels, while the forecast of an increase of 640,000 barrels was forecast. Concerned about the uncertainty surrounding the reduction of crude oil production capacity of OPEC and partner countries. The Saudi energy minister said that Saudi Arabia would not carry out any capacity reduction. Nigeria said it was still too early to decide to reduce its production capacity. +/- The market anticipates that OPEC's decision to reduce its production capacity will be finalized at the OPEC meeting during the day. It's December 6th. […]


Crude oil prices are falling. US crude inventories rose for the first time in 10 weeks.

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