Oil prices on world markets fell Wednesday following the publication of the Energy Information Administration (EIA) information on the growth of crude oil and distillates, which has exceeded expectations.
Inventories of crude oil in the U.S. increased by 3.7 million barrels for the week to January 8. Analysts had expected stockpiles to increase by only 1 million barrels.
Inventories of distillates rose by 1.4 million barrels, although experts expect to reduce that figure by 1.7 million barrels.
As a result, oil futures for February delivery fell by $ 1.92, or 2.4%, to $ 78.87 per barrel.
Inventories of crude oil in the U.S. increased by 3.7 million barrels for the week to January 8. Analysts had expected stockpiles to increase by only 1 million barrels.
Inventories of distillates rose by 1.4 million barrels, although experts expect to reduce that figure by 1.7 million barrels.
As a result, oil futures for February delivery fell by $ 1.92, or 2.4%, to $ 78.87 per barrel.
1 comment:
I want not acquiesce in on it. I assume warm-hearted post. Especially the title attracted me to review the whole story.
Post a Comment