Crude Oil Fluctuated but Ended With Small Loss

Crude oil initially plummeted to a 6-week low of 73.83 after the US Energy Department reported the crude oil and petroleum product inventories surged to a record high in the week ended August 13. Crude stockpile dropped for a third consecutive week but the pace obviously slowed down. Gasoline inventory slid for the first time in 8 weeks.

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Crude Oil Fluctuated but Ended With Small Loss