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A Key Measure Of Oil Supply Was Already Near 1-Year Low When Storms Froze U.S. Energy Market

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A key measure of U.S. oil supply was at its lowest level in nearly a year even before winter storms forced some of the largest energy companies to halt operations

, a sign that prices could remain high until the crisis passes. ... [+]

to keep the dirt from dusting up Wednesday, Feb. 17, 2021, in Jackson, Miss., as light snow mixed with sleet, and rain continue to cover much of the state. In spite of the inclement weather, Wednesday's performance of the Dixie National Rodeo is taking place as scheduled. The National Weather Service in Jackson has issued a winter storm warning for parts of Mississippi ahead of another storm system set to impact the region.

The closures at Motiva Enterprises, ExxonMobil, Citgo Petroleum and other energy companies have raised concerns about oil supply, pushing prices to 13-month highs.Crude inventories dropped by 7.3 million barrels in the week ended Feb. 12 to the lowest level since March, 2020, according to the Energy Information Administration data. The decline was nearly three times the size of what analysts had expected. Prices of the U.S.

 

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Oil prices rise on expected economic recovery, likely drawdown in oil stocksOil prices rose on Tuesday on expectations of a recovery in the global economy after U.S. Senate approval of a $1.9 trillion stimulus bill and on a likely drawdown in crude oil inventory in the United States. RT : Oil prices rise on expected economic recovery, likely drawdown in oil stocks 'Economic recovery stagnates due to rising oil prices' I'm very pleased to celebrate my cashout with everyone in the group. Indeed I'm happy and DavidLingleyBT is really a genuine paying man the whole world needs to know how good and generous he is.
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