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08:35
10/19/16
10/19
08:35
10/19/16
08:35

Energy Action: NYMEX crude

Energy Action: NYMEX crude rallied to $51.14 highs after the close on Tuesday, up from near $50.30. The move came following a surprise draw down in U.S. inventories, with the API reporting a 3.8 M bbl drop. The EIA inventory report, due at 10:30 EDT, will be watched for corroboration. Meanwhile, Saudi Arabia reported August exports dipped to 7.3 M bpd from 7.6 M in July, also supportive of oil prices.

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