Sunday, March 17, 2013

Oil Slipped Due To Inventory

Minyak Tergelincir Akibat Persediaan

Monexnews-u.s. Oil Contracts in early Asian trade Thursday inventory-related rise in excess of estimates for supplies in the u.s. and the EIA cut its forecast of demand.

U.s. oil contract dropped as much as 20 cents to $ 92.32 a barrel, having closed down 2% and close the reinforcement for 4 days. The brent contract fell 16 cents to $ 108.36, slump in 5 days in a row.

U.S. crude oil inventories increased last week because of rising imports and inventories of gasoline fuels processing refineries down as less oil, according to data from the Energy Information Administration. Inventories of crude oil rose 2.62 million barrels compared with expectations of analysts to increase supplies by as much as 1.4 million barrels.


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Title Post: Oil Slipped Due To Inventory
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