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U.S. Retail Stocks Slump, Oil Futures Surge

Discussion in 'Market News' started by Daily.Forex, May 12, 2016.

  1. Daily.Forex

    Daily.Forex Forum Member

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    Crude oil futures rose 3.5 percent in overnight trading on Wednesday, following official data earlier in the day showing a 3.4-million drop in crude inventories and a fall in crude output to 8.8 million barrels per day, the lowest since the fourth quarter of 2014.

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