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

Re: Oil Inventories...report
In Response To: Oil Inventories ()

Here ya go Razor:

Oil futures rally after supply decline (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Crude-oil futures shot up Wednesday after a weekly government report showed a decline in supplies. Crude for August delivery (clq2) added 61 cents, or 0.7%, to $89.85 a barrel on the New York Mercantile Exchange. Prices were up a fraction before the report, and had traded lower earlier. The Energy Information Administration reported oil inventories declined 800,000 barrels in the week ended July 13. That compares to expectations of a decline of 1.4 million, according to analysts polled by Platts. The EIA also reported gasoline inventories down 1.8 million barrels, and supplies of distillates up 2.6 million. The analysts surveyed by Platts had expected gasoline stockpiles up 700,000 barrels, and distillates inventories up 1 million barrels.

Messages In This Thread

Oil Inventories
Re: Oil Inventories...report