Editor’s Note: While the API initially reflected a huge crude build, Reuters data released shortly after painted a starkly different picture, indicating a U.S. crude inventory build of 800,000 barrels, with Cushing up 100,000 barrels, gasoline rising by 1.9 million, and distillates up 800,000.The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose sharply for the second week in a row…
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