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Oil Is Diving After the Biggest Inventory Build in 14 Years

Three times more than estimates
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$20 Oil Could Be a Reality If This Happens

America's oil in storage just hit another record after rising by the most since March 2001. Crude prices fell as much as 5.9 percent today.

Stockpiles rose 10.95 million barrels, or 2.3 percent, to 482.4 million barrels last week, the EIA reported today. Analysts had expected an increase of 3.25 million barrels. The amount of oil the U.S. is cranking out also edged up, to a rate of 9.4 million barrels a day.