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EIA Reports a 4th Straight Weekly Rise in U.S. Crude-Oil Supplies


Wednesday, 9 October 2019 22:05 WIB

Minyak WTIOil,Crude OilEIA


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The Energy Information Administration on Wednesday reported that U.S. crude supplies climbed for a fourth week in a row, by 2.9 million barrels for the week ended Oct. 4.

They were forecast to increase by 2.4 million barrels, according to analysts polled by S&P Global Platts. The American Petroleum Institute on Tuesday reported a rise of 4.1 million barrels, according to sources.

The EIA data showed supply declines of 1.2 million barrels for gasoline and 3.9 million barrels for distillates. The S&P Global Platts survey revealed expectations for supply declines of 1.2 million barrels for gasoline and 2.5 million barrels for distillates. November West Texas Intermediate crude CLX19, +0.95% was up 48 cents, or 0.9%, to $53.11 a barrel on the New York Mercantile Exchange, down from $53.16 before the supply data.

Source : Marketwatch


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