NewsBreak: Crude Inventories Rose by 2.9M Barrels Last Week


© Reuters.

Investing.com – U.S. Oil inventories rose more than expected last week, according to the latest data from the Energy Information Administration, and oil prices pared early gains as a result.

  • The EIA said rose by about 2.9 million barrels for the week ended Oct. 4. Analysts were expecting a rise of 1.4 million, according to forecasts compiled by Investing.com.
  • sank by 1.2 million barrels, versus expectations for a drop of about 260,000. dropped by about 3.9 million barrels, compared with forecasts for a decline of about 2.1 million.
  • were up 0.9% at $53.09. They were up more than 1%, trading around $53.20 just before the report was released.
  • Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





    Source link