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Oil prices fall for the fourth consecutive day because of high US stocks
10.16.2015
Crude oil prices after a US government report showed the largest increase in expectations of US crude stocks to drop prices for the fourth consecutive day.
"And it ended the crude futures trading above their lowest level during the day after Avcguet the impact of Wall Street upwards. Some analysts said that the larger than expected decline in gasoline inventories also helped to reduce losses of crude."
The US Energy Information Administration said that "Crude stocks rose 7.6 million barrels in the week ending on the ninth of October."
"It was a Reuters poll of analysts showed expectations that the views of the stock over 2.9 million barrels in the Mediterranean".
The Department also said that "gasoline stocks fell 2.6 million barrels contributed to the reduction of downward pressure on crude prices."
"Fell US crude for delivery in November nearest maturity of November 26 cents or 0.6 percent at the settlement to $ 46.38 a barrel. Was crude had fallen to $ 1.41 during the session or two percent."
Thobt Brent crude for the month of November, the nearest maturity settled at 44 cents to $ 48.71 and ended for trading ".
"Rose the most active contract traded Brent crude for December delivery four cents to $ 49.73 a barrel." Ended / 29 / d 24
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10.16.2015
Crude oil prices after a US government report showed the largest increase in expectations of US crude stocks to drop prices for the fourth consecutive day.
"And it ended the crude futures trading above their lowest level during the day after Avcguet the impact of Wall Street upwards. Some analysts said that the larger than expected decline in gasoline inventories also helped to reduce losses of crude."
The US Energy Information Administration said that "Crude stocks rose 7.6 million barrels in the week ending on the ninth of October."
"It was a Reuters poll of analysts showed expectations that the views of the stock over 2.9 million barrels in the Mediterranean".
The Department also said that "gasoline stocks fell 2.6 million barrels contributed to the reduction of downward pressure on crude prices."
"Fell US crude for delivery in November nearest maturity of November 26 cents or 0.6 percent at the settlement to $ 46.38 a barrel. Was crude had fallen to $ 1.41 during the session or two percent."
Thobt Brent crude for the month of November, the nearest maturity settled at 44 cents to $ 48.71 and ended for trading ".
"Rose the most active contract traded Brent crude for December delivery four cents to $ 49.73 a barrel." Ended / 29 / d 24
[You must be registered and logged in to see this link.]
