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Barchart
Barchart
Rich Asplund

Crude Prices Finish Lower as EIA Inventories Fall Less Than Expected

February WTI crude oil (CLG25) Wednesday closed down -0.93 (-1.25%), and February RBOB gasoline (RBG25) closed down -0.0164 (-0.81%).

Crude prices Wednesday fell back from a 3-month high and posted moderate losses.  Wednesday's dollar strength was bearish for energy prices.  Crude added to its losses Wednesday on a bearish weekly EIA report that showed crude inventories fell less than expected last week and gasoline and distillate supplies rose more than expected.  

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