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Crude Oil Report: Brent Tests $127 As Iranian Exports To Drop 1 Million Barrels Per Day

By Sumit Roy , http://www.hardassetsinvestor.com
dvoros@hardassetsinvestor.com
March 16th, 2012

IEA says OPEC spare capacity continues to dwindle as Saudis ramp up production in response to lower exports from Iran.

The Department of Energy reported this morning that in the week ending March 9, U.S. crude oil inventories increased by 1.8 million barrels, gasoline inventories decreased by 1.4 million barrels, distillate inventories decreased by 4.7 million barrels and total petroleum inventories decreased by 4.4 million barrels.

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By Sumit Roy , http://www.hardassetsinvestor.com
dvoros@hardassetsinvestor.com
March 16th, 2012