According to Reuters, rising oil inventories in the US continue to drive the price down. On June 12th, crude oil prices plunged over 2-percent each after the Energy Information Administration reported domestic crude stockpiles rose for a second consecutive week. West Texas Intermediate crude futures led losses on the day, falling 2.7-percent. Those losses shed $1.42 off the price of West Texas Intermediate, bringing the price per barrel down to $51.85.

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  • Uploaded    06/12/2019
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