The American Petroleum Institute
late Wednesday reported a decline of 473,000 barrels in crude supplies
for the week ended Feb. 14, according to data from sources. The fall was
unexpected as analysts surveyed by Platts had forecast a climb of 1.9
million barrels in crude supplies. Sources also said the API reported
gasoline stockpiles rose 1.4 million barrels, while distillate supplies
fell 676,000 barrels. Analysts were looking for gasoline supplies to
decline 1.3 million barrels and distillate inventories to fall by 2
million barrels. Following the data, which was delayed by a day due to
Monday's holiday, March crude
CLH4
-0.11%
was at $103.39 a barrel in electronic trading, up slightly from the $103.31 close on Nymex. The more closely watched Energy Information Administration report is due Thursday
Click Here To Register For Free Trial Services
OR
Give A Missed Call : +6531581402
Follow Us On Twitter : www.twitter.com/epicresearchsg
Like Us On Facebook : www.facebook.com/EpicResearchSingapore
Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment