More Crude Oil, But Less Than Expected

Hard Assets Investor submits:

By Brad Zigler

Data released from the U.S. Energy Department this morning put another feather in the cap of the industry-supported American Petroleum Institute. Sort of. The API estimated a 5.2-million-barrel build in domestic crude oil stocks while Wall Street analysts expected a 1.8-million- to 2.1-million-barrel drawdown.

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