US crude futures rise after inventory data

2018-06-13 17:43:14 GMT (Economies.com)
US crude futures rise after inventory data

US crude futures recovered today after earlier data showed a steep drop in US inventories last week. 

 

US crude futures due on July rose 0.4%, or 28 cents to $66.62 a barrel in the New York Exchange. 

 

The Energy Information Administration reported a drop of 4.143 million barrels in the week ending June 8, while analysts expected a 1.440 million drop. 

 

Oklahoma's Cushing crude inventories fell as well by 0.687 million barrels.

 

Total US stocks have now fallen to 432.4 million barrels last week.

 

The report also showed a drop of 2.271 million barrels in gasoline stocks, while distillate inventories, including heating fuel, fell 2.101 million barrels. 

 
 
 
  Symbol Last Change Chg.%
1.1460
-0.0062
0.5364%
1.2982
-0.0090
0.6885%
14.701
0.069
0.468%
68.981
-0.300
0.433%
79.32
-0.50
0.63%
1231.840
5.135
0.419%
 
 
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