Oil higher after unexpected supply decrease *PIC*

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.

Forum Policy

Return to Index

TFC Commodity Trading Forum

Oil higher after unexpected supply decrease (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Crude-oil futures added to gains Wednesday after a weekly government inventories report showed a surprise decrease in supplies. Crude for October delivery (cl1v) rose 53 cents, or 0.8%, to $86.12 a barrel on the New York Mercantile Exchange. The Energy Information Administration reported a decline of 2.2 million barrels in the week ended Aug. 19. Analysts polled by Platts had expected crude stocks to climb 2 million barrels. The EIA said gasoline stockpiles increased 1.4 million barrels, and stockpiles of distillates increased 1.7 million barrels. The analysts had seen gasoline inventories down 1.4 million and distillates supplies up 1.3 million.

Forum Policy

Return to Index