The latest US weekly data showed a decline in overall crude stocks of 1.6 million barrels to 327.4 million barrels, but stockpiles of refined products increased. Gasoline stocks rose by 200,000 barrels and distillate stocks, including heating oil, jet and diesel, rose by 1.3 million barrels.
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Crude Eased On US Increase Data
Crude oil prices fell a dollar yesterday after US government data showed an increase
Crude oil prices fell a dollar yesterday after US government data showed a much-needed increase in fuel stockpiles.
US light, sweet crude futures dropped $1.04 to $58 a barrel on the New York Mercantile Exchange.
Meanwhile, in London Brent crude-oil futures eased 91 cents to $56.59 a barrel on IPE.
The latest US weekly data showed a decline in overall crude stocks of 1.6 million barrels to 327.4 million barrels, but stockpiles of refined products increased. Gasoline stocks rose by 200,000 barrels and distillate stocks, including heating oil, jet and diesel, rose by 1.3 million barrels.
The latest US weekly data showed a decline in overall crude stocks of 1.6 million barrels to 327.4 million barrels, but stockpiles of refined products increased. Gasoline stocks rose by 200,000 barrels and distillate stocks, including heating oil, jet and diesel, rose by 1.3 million barrels.
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