Oil prices retreat amid signs of high U.S. oil inventories
ecPulse
2015-01-22 14:32PM UTC
Crude oil prices fell below $48 a barrel on Thursday amid indicators of rising U.S. crude oil inventories. The U.S. Energy Information Administration is releasing its U.S. inventories report later today, which is expected to show a rise to 390.5 million barrel. Oil prices are expected to remain near its current levels until releasing the crude oil inventories report, which if increased as forecasted, it would adversely affect prices. Crude oil prices fell by 1.13% around $47.24 a barrel.
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