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[sludgehound]

JNUG strong am ya. DWTI UWTI active

Oil ETNs hot too. YINN China 3X Bull getting blasted.

Oil is moving lower following a 2.6 million barrel build in weekly oil inventories to 456.2 million barrels. A rise in imports fed the build. Demand readings are very strong in this report with gasoline up very sharply, at 6.5 percent year-on-year. Refineries increased production of gasoline where inventories nevertheless fell 2.7 million barrels. The decline in prices is boosting fuel demand. WTI is down 75 cents and is below $42.