Crude oil had a volatile trading day but made little change at the end. The front-month contract for WTI crude oil initially soared to a 6-week high of 104.99 before settling at 103.76, largely unchanged from the previous day. On oil inventory, the DOE/EIA reported that total crude oil and petroleum products stocks gained +14.461 mmb to 1026.92 mmb in the week ended April 11.
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US Crude Inventory Saw Double Digit Increase
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