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Falling Inventories Didn’t Help Oil’s Rise

Robert Scott
Falling Inventories Didn’t Help Oil’s Rise

Will Oil Shift to a Higher Gear?(Continued from Prior Part)## Oil inventories and their five-year averageIn the week ending December 28, US crude oil inventories were 8% higher than their five-year average—one percentage point more than the previous week. Oil prices and the inventories spread usually