The drop was much larger than estimates by the
However, gasoline and distillates inventories for last week increased by 10.5 million barrels, offsetting some of what would normally be bullish news from the
Oil prices saw some limited gains Wednesday, and crude stayed above $50 a barrel as it has for the past week after falling nearly 40 percent in the last quarter.
RELATED: Oil steady near $52 amid signs of falling
West Texas Intermediate crude, the domestic standard for oil prices, initially bounced up as much as a dollar Wednesday morning but lost those gains by
Oil prices have held above $50 per barrel for the past week, which is not high enough to spur much growth in
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