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Wednesday, 1 February 2017

US crude inventories rise by most since October

US crude inventories rise by most since October:

"Inventories of US crude rose for the fourth straight week and climbed by the most since October. Inventories of US crude rose by 6.5m barrels in the week ended January 27, according to the Energy Information Administration. That compared with analysts’ estimates for an increase of 2.6m barrels and was the biggest streak of gains since April. Stocks of oil at Cushing, Oklahoma, a key delivery hub, fell by a bigger than expected 1.25m barrels, compared with expectations for drop of 59,800 barrels."

'via Blog this'