US oil inventories dropped -9.9m barrels, WTI extending sideway consolidation

<p>US commercial crude oil inventories dropped -9.9 million barrels in the week ending January 22. At 476.7 millions, oil inventories are about 5% above the five year average for this time of year. Gasoline inventories rose 2.5 million barrels. Distillate dropped -0.8 millions barrels. Propane/propylene inventories dropped -2.2 million barrels. Total commercial petroleum inventories dropped […]</p>
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