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via seekingalpha.comMarkets

Crude inventories fell 1.9M barrels in week ended October 23, EIA says

FROM THE WIRE · SEEKINGALPHA.COM

VisionsofAmerica/Joe Sohm/DigitalVision via Getty Images * Commercial crude stocks (excluding those in the Strategic Petroleum Reserve) for the week ended October 23: 410.6M BARRELS. * Crude inventory change: -1.9M BARRELS vs -3.1M barrels for the week ended October 16. *…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe inventory draw and crude futures gain are a relevant signal for energy prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Commercial crude stocks stood at 410.6 million barrels.
  2. 02The change was -1.9 million barrels, versus -3.1 million the prior week.
  3. 03Crude oil futures rose 2.4% to $102.3 per barrel.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
State Street Energy Select Sector SPDR ETFXLEETF68.89 USD+0.56%today +1.00%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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