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Oil prices decline today as the last few day's rollercoaster continued after a hotter than expected PPI print, leaving WTI near nine-week lows. Crude has been on a downward path since April, with the geopolitical risk premium from tensions in the Middle East largely evaporating. Refinery run cuts and narrowing timespreads have signaled a slightly softer ...
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post: #API Crude: -3.104M Cushing: -0.601M Gasoline: -1.269M Distillates: +0.349M #OOTT