Crude oil pulled back yesterday on profit-taking ahead of the year-end. Yet, price stayed to recent 26-month high. The industry-sponsored API report showed crude stock-build in the week ended December 24, compared with expectations of another week of draw. Investors showed little reaction to the report but rather awaited estimates from the US Energy Department.
Continued here:
Crude Pulls Back on Profit-taking. API Shows Rise in Inventories
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