ANS on the brink

Alaska benchmark crude flirts with the $50s on peace efforts; weak China data

Steve Sutherlin

for Petroleum News

Alaska North Slope crude -- on the worst day of a four-day rout -- fluttered a mere seven cents above the precipice of the $50s Dec. 16, after plunging $1.50 to close at $60.07. West Texas Intermediate plunged $1.55 to close at $55.27, and Brent did enter the $50s, plunging $1.45 to close at $58.92.....

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Crude inventories fall, gasoline inventories rise