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Hart Energy Commodities Report Feb. 12

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Kristie Sotolongo
February 13, 2014

U.S. Crude Ends at Four-Month HighNYMEX-traded crude futures settled at a four-month high on Wednesday, after Chinese data showed record oil imports for January and key oil producers raised their forecast on global demand growth for the year. However, a larger-than-expected build in domestic crude supplies in the week ended February 7 kept the gains in check. The U.S. Energy Information Administration (EIA) said oil stockpiles rose 3.3 million barrels last week – surpassing analyst forecasts for a 2.5 million-barrel build. Meanwhile, OPEC said in a monthly report that world ...

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