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EIA reports a weekly climb in U.S. crude supplies, but stocks at a key delivery hub decline

EIA reports a weekly climb in U.S. crude supplies, but stocks at a key delivery hub decline

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The Energy Information Administration reported on Wednesday that U.S. crude inventories rose by 4.3 million barrels for the week ended Oct. 22. On average, analysts polled by S&P Global Platts expected a 100,000-barrel decline, but the American Petroleum Institute on Tuesday reported a 2.3 million-barrel climb, according to sources.

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