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U.S. crude supply fell 5M barrels last week, API says

Jan. 03, 2018 5:00 PM ETUCO, USO, OIL-OLD, DBO, USL, UGA, DTO, OLO-OLD, SCO, DNO, BNO, OILX, OILK, UWT, DWT, WTID-OLD, WTIU-OLD, USOI, SZOXF, OILBy: Carl Surran, SA News Editor18 Comments
  • The American Petroleum Institute reportedly shows a draw of 4.99M barrels of crude oil for the week ending Dec. 29, vs. last week's draw of 6M barrels.
  • The results would mark the seventh consecutive crude draw if confirmed by EIA data to be released tomorrow morning.
  • Gasoline reportedly shows a build of 1.83M barrels and distillates show a build of 4.27M barrels.
  • Nymex February crude recently traded at $61.79/bbl, above today's settlement price of $61.63/bbl.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, UGA, DTO, USL, DNO, OLO, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI

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