“Oil prices closed at their lowest level in nearly three months on Wednesday as data showed an unexpected build in U.S. crude oil and product stocks. While most expected the U.S. Energy Information Administration’s (EIA) weekly report to show a decline in crude oil and gasoline stocks, both rose, along with distillates. Crude was already facing downward pressure from an accelerating plunge in China’s stock market and the Greek debt crisis, both of which raised concern about fuel demand. China is the world’s second-largest oil consumer.”
http://www.cnbc.com/id/102816491
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