Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Crude pares gains after EIA report shows increase *PIC*

Crude pares gains after EIA report shows increase (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Crude-oil futures trimmed gains Wednesday after the government reported a larger-than-expected increase in oil inventories for the week ended March 4. Crude for April delivery (clj11) rose 2 cents to $105.04 a barrel on the New York Mercantile Exchange. The contract had traded at $105.17 moments before the report's release. The Energy Information Administration reported crude-oil supplies rose 2.5 million barrels. Analysts surveyed by Dow Jones Newswires had expected a rise of 600,000 barrels. The EIA reported decreases for gasoline and distillates supplies.

Messages In This Thread

Crude pares gains after EIA report shows increase *PIC*