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EIA data shows smaller oil climb than expected

Posted on 14 February 2013

Oil futures rose then turned lower Wednesday after the U.S. Energy Information Administration reported a smaller-than-expected rise in last week’s crude inventories. Crude supplies climbed by 600,000 barrels for the week ended Feb. 8. Analysts polled by Platts expected a 2.5-million-barrel climb.
Motor gasoline supplies fell 800,000 barrels, while distillate stockpiles declined by 3.7 million barrels, the EIA report said. Analysts expected gasoline stocks to be unchanged, and forecast a fall of 1.6 million barrels in distillate supplies………………………………………..Full Article: Source


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