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Department of Energy Reports Oil Inventories Rise Slightly, Gasoline Falls

Aug 26, 2009 (SmarTrend(R) News Watch via COMTEX) --

The Department of Energy reported that crude oil inventories rose last week by 128,000 barrels ,vs. an expectation for a draw of 1.15 million barrels. Gasoline inventories fell by a more-than-expected 1.7 million barrels; analysts were expecting a decline of only 800,000. Crude for October delivery (NYMEX: CLV9) is trading lower by 0.5% to $71.70 / barrel.

Write to Chip Brian at cbrian@tradethetrend.com

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Related terms: crude oil, department of energy, energy, gasoline, market, nymex, oil, securities

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