Crude Oil Pares Gains After Unexpected Increase in Inventories

- August 17th, 2011

Bloomberg reports that crude oil futures pared gains after unexpected increase in inventories.

Bloomberg reports that crude oil futures pared gains after unexpected increase in inventories.

The market news is quoted as saying:

Crude oil for September delivery rose $1.70, or 2 percent, to $88.35 a barrel at 10:35 a.m. on the New York Mercantile Exchange.

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