ZOID RESEARCH 21-AUGUST-2014 : CRUDE OIL

WTI crude oil prices rose in choppy trading on Wednesday on account of September contract expiration and after government data showed crude stocks in the United States fell sharply last week.U.S. crude stocks slid by 4.5 million barrels last week, the U.S. Energy Information Administration (EIA) said, more than analysts had expected. Stocks in Cushing, Oklahoma - the delivery point for the U.S. crude contract - rose by 1.76 million barrels. Gasoline stocks rose 585,000 barrels against expectations for a drop while distillate stocks fell 960,000 barrels, slightly more than forecast.

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