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Updated from 4:12 p.m. EDT
Oil futures gained ground Thursday after a report from the Department of Energy showed a larger-than-expected drop in distillate supplies ahead of the winter heating season.
Domestic stockpiles of crude, gasoline, natural gas and distillates are 7% to 18% above where they were a year ago and remained high in the agency's weekly supply report Thursday. The update came out a day later than normal because of a federal holiday on Monday.
Crude stockpiles climbed by 2.4 million barrels last week, nearly double analysts' predictions, as refiners decreased production of gasoline and distillates to undergo seasonal maintenance. Refiners operated at 89.2%, down from 89.9%. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
78.32
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UP
34.92
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UP
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UP
6.16
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DOWN
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10 Yr
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SPDR Gold
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