Wed, Apr 16, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil benchmark price gap widens on stockpile increase

Posted on 15 November 2013

The gap between US and global oil prices widened to the most in nine months on Thursday after government data showed a further increase in crude stockpiles in America. Nymex December West Texas Intermediate fell more than 1.5 per cent to a five-month low of $92.51 before recovering to trade at $94.15.
The Energy Information Administration said commercial crude stockpiles had climbed 2.6m barrels to 388.1m barrels in the week to November 8. Analysts had forecast an increase of 1m barrels. Inventories at Cushing, the main delivery point for WTI futures, also increased, rising 1.7m barrels to 38.2m………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 34604 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930