U.S. Crude Supplies Drop for a Record Ninth Straight Week: Chart

(Bloomberg) -- U.S. crude-oil stockpiles dropped a ninth week, the longest stretch of declines since the Energy Information Administration began tracking the data in 1982. Inventories fell by 2.34 million barrels to 519.5 million in the period ended July 15, the lowest since February, the agency said on Wednesday. Even with the decrease, supplies remain at the highest seasonal level in at least a decade.

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