After reporting a sharp pullback by U.S. crude oil inventories in the previous week, the Energy Information Administration released a report on Wednesday showing crude oil inventories dipped by much less than expected in the week ended August 23rd.
The EIA said crude oil inventories edged down by 0.8 million barrels last week after tumbling by 4.6 million barrels in the previous week. Economists had expected crude oil inventories to decrease by 3.0 million barrels.
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