Traders Spooked by Massive Crude Inventory Build
Crude oil inventories unexpectedly increased by 7.36 million barrels, contributing to a bearish market outlook.
The American Petroleum Institute (API) estimated this large increase for the week ending October 10, contrary to analyst forecasts of a much smaller 120,000-barrel build.
Oil and gas will remain...
Author's summary: Oil inventories rise unexpectedly.
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