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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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API reports larger-than-expected supply decline

SAN FRANCISCO (MarketWatch)
Crude-oil supplies declined by 6 million barrels in the week ended Aug. 17, a trade group said late Tuesday
The American Petroleum Institute also reported a decline of 1 million barrels in distillates inventories and a rise of 869,000 barrels in gasoline supplies
The trade group data comes a day ahead of the report by the Energy Information Administration Analysts polled by Platts expect crude oil stockpiles to decline 2 million barrels, gasoline stockpiles to retreat 1.25 million barrels, and distillates supplies to rise 1 million barrels

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