DJIA28135.38
LIVE3.33(0.01%)
NDX8487.71
LIVE20.81(0.25%)

EIA Reports a 10 Million-Barrel Weekly Decline in U.S. Crude Supplies


Wednesday, 28 August 2019 21:43 WIB

MinyakWTIBrent


c_740_198_16777215_00_images_assets_OIL2_EIA-Oil-Report-1.jpg

The Energy Information Administration on Wednesday reported that U.S. crude supplies fell by 10 million barrels for the week ended Aug. 23.

Analysts polled by S&P Global Platts expected a decline of 4.7 million barrels, on average, while the American Petroleum Institute on Tuesday reported an 11.1 million-barrel decrease, according to sources.

The EIA data also showed that gasoline and distillate inventories each fell by 2.1 million barrels last week.

The S&P Global Platts survey had shown expectations for a supply decline of 530,000 barrels for gasoline and distillates were expected to have climbed by 700,000 barrels.

October West Texas Intermediate crude was up $1.57, or 2.9%, to $56.50 a barrel on the New York Mercantile Exchange. Prices were trading at $56.42 before the supply data.

Source : Market Watch


RELATED NEWS

  • Oil prices fell on Friday in Asia even afterthe Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to increase output cuts by nearly 50% in early 2020. U.S. Crude Oil WTI ...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.