| The crude oil price continued gaining on Wednesday after Energy Information Administration (EIA) data showed a second consecutive weekly decline in U.S. oil stockpiles. A recent report by the EIA showed that U.S. crude inventories were reduced by 1.9 million barrels last week, despite analysts having forecasted a drop of only 533,000 barrels of oil. (Source: Reuters, last accessed September 23, 2015.)
Inventory levels at the largest U.S. crude oil storage facility alone in Cushing, Oklahoma, dropped by 426,000 barrels according to the EIA data. (Source: Reuters, last accessed September 23, 2015.)..............................................Full Article: Source
|