Monexnews-traded crude oil turned thin on Wednesday strengthened, post the report Energy Information Aministration (EIA) showed a rise in U.S. crude oil supplies that are smaller than the estimate.
U.S. crude oil inventories rose by 1.1 million barrels during the week ending on February 22. The figure is lower than expectations of a rise of 2.4 million barrels from the analysts. In the same time, the EIA also reported gasoline supplies drop of 1.9 million barrels. While oil inventories increased by 600,000 barrels of distillation.
After the release of the data, crude oil for April delivery contract rose 0.18% turned about to be traded in the range of $ 92.80 per barrel. (vid)
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Title Post: EIA Report Restore Oil Prices
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Rating: 100% based on 99998 ratings. 5 user reviews.
Author: Unknown
Thank you for your coming
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