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API reported last night Crude-oil inventories declined 2.7 million barrels in the week ended June 24, the American Petroleum Institute said late Tuesday. LINK
EIA just reported LINK U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.4 million barrels from the previous week.
ITZ suggested entering Proshares Ultra Crude Oil (UCO) @ $42.50 & $38.00. ITZ suggests setting the STOP @ $40.50.
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