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FINWIRES

Daily Roundup of Key US Economic Data for April 22

-- The Mortgage Bankers Association reported a 7.9% gain in mortgage applications in the week ended April 17 after a 1.8% gain in the previous week.

Refinancing activity and new home applications both surged in the week due to a decline in mortgage rates.

Total crude oil inventories fell by 2.2 million barrels in the week ended April 17, with commercial oil inventories up 1.9 million barrels and stocks in the US Strategic Petroleum Reserve down 4.1 million barrels. Gasoline inventories and distillate inventories both decreased last week.

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