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Hart Energy Commodities Report Feb. 25

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Kristie Sotolongo
February 26, 2014

Crude Oil Falls on Weak Chinese Economic DataNYMEX-traded crude futures trended lower on Tuesday, pressured by further signs of a Chinese economic slowdown, expectations that this week’s inventory data will show another build in domestic crude supplies and sinking gasoline futures. According to a report from the American Petroleum Institute (API) released late Tuesday, U.S. weekly crude stocks rose by a less-than-expected 822,000 barrels in the week ended February 21. A preliminary Bloomberg survey predicted a 1.2 million-barrel build. At Cushing, Okla., delivery – the benchmark delivery point for the ...

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