CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5520 R1-5450 S1-5320 S2-5250
Crude oil dropped after data showed that U.S. stockpiles rose far more than expected last week.
The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories increased by 5 million barrels.
The report also showed that gasoline stockpiles rose by 1.2 million barrels, confounding expectations for a drop of 1.0 million barrels.
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