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

Oil regains strength, shrugs off inventories data *PIC*

Oil regains strength, shrugs off inventories data (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Crude-oil futures traded above $101 a barrel on Wednesday, rallying on the concerted effort by central banks around the world to prop up liquidity. Prices lost some luster after the weekly inventories report, but the January contract (cl2f) recently traded at $101.06, up 1.3%. The Energy Information Administration reported Wednesday crude-oil inventories rose 3.9 million barrels in the week ended Nov. 25. Analysts polled by Platts had expected an increase of 1.5 million. The EIA reported gasoline supplies up 200,000 barrels, compared to expectations of a rise around 1.5 million. Distillates inventories rose 5.5 million. Analysts had expected a decline of 1.5 million for distillates.