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Stock impact report

Oil prices jump as US crude inventories reportedly rise by less than expected [CNBC]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: CNBC
A woman wearing face mask walks on the ocean front while Oil tankers are seen anchored off the coast of Long Beach, California, after sunset on April 25, 2020.Apu Gomes | AFP | Getty ImagesOil prices jumped in the afternoon of Asian trading hours on Wednesday following a report that showed a smaller than expected crude inventory build stateside.West Texas IntermediateBrent crude futuresThe moves came after data from the American Petroleum Institute showed Tuesday that U.S. crude inventories jumped by 10 million barrels in the week to April 24  — to 510 million barrels, according to Reuters. That was lower than analysts' expectations of a build of 10.6 million barrels, Reuters reported.Still, in a note dated April 28, Moody's Investors Service said it was reducing its near-term oil price assumptions for WTI as well as Brent."Exceptionally weak short-term prices will persist until production drops enough to ease the strain on storage facilities already operating at or close to full capa Show less Read more
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