India, Aug. 19 -- After reporting a spike in U.S. crude oil inventories in the previous week, the Energy Information Administration released a report on Wednesday showing crude oil inventories saw further upside in the week ended August 14th.

The EIA said crude oil inventories climbed by 4.4 million barrels last week after skyrocketing by 17.4 million barrels in the previous week. Economists had expected crude oil inventories to inch up by 0.6 million barrels.

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