Reflecting another sharp drop in energy prices, the Labor Department released a report on Friday showing that U.S. consumer prices saw their biggest drop in six years in the month of December. The Labor Department said its consumer price index fell by 0.4 percent in December following a 0.3 percent decrease in November. While the drop in prices came in line with economist estimates, it reflected the biggest monthly decrease since ...
US crude stocks dropped less than expected in the past week as gasoline stocks fell amid a rise in distillate inventories, according to Energy Information Administration data. In comparison to the 1.1 million barrels drop expected by analysts, the crude inventories dropped 905,000 barrels. There was a 385,000 barrel drop of crude stocks in the delivery hub at Cushing, Oklahoma. ...
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