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Commentary Topic from greenfaucet

Oil Drawn Down But Product Stockpiles Increase

Real-time Monetary Inflation (per annum): 8.5% Profit-taking in the New York Mercantile Exchange's August crude oil contract led to a lower close Tuesday, but the overnight session turned higher and maintained a bullish undertone all the way up to the ringing of the day session bell and the release of the weekly U.S. Energy Department inventory report.