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Oil, Gas Prices Aside, the U.S. Economy, DJIA and Drillers Move Ahead
Oil prices inched lower this morning, with West Texas Intermediate (WTI) and Brent below $54 and $58, respectively. Crude oil inventories increased by 7.3 million barrels, according to the Energy Information Administration’s (EIA) Weekly Petroleum Status Report, released on December 24. “[The] inventories are well above the upper limit of the average range for this time of year,” the report says. On a related note, gasoline prices declined for the 12th straight week and have...

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