Saturday, December 16, 2017

US crude inventories fell more than expected for the week

US crude inventories fell more than expected for the week

Commercial US crude stocks last week fell by 4.432 million barrels to 516.34 million barrels, according to the country's Ministry of Energy report.

Experts interviewed by Bloomberg, expected reduction of oil reserves by only 2 million barrels, according to "Finmarket".

At the same time gasoline inventories decreased by 787 thousand. Barrels and totaled 239.882 million barrels. Commercial distillate stocks fell by 485 thousand. Barrels to 146.339 million barrels.

Analysts had forecast a decline in gasoline stocks at 1.075 million barrels and distillate stocks - by 493 thousand barrels..

As the "Interfax", oil prices show slight rise in the course of trading on Wednesday night against the backdrop of highly volatile trading after the publication of data on decline in US oil inventories at the end of the seventh week in a row.

So, as of 18:00 MSK cost of July futures for Brent crude on London's ICE Futures exchange rose by 0.28% to $ 54.30 per barrel. July futures for WTI crude oil on the New York Mercantile Exchange (NYMEX) rose by this time by 0.19% to $ 51.57 per barrel.


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