U.S. Crude Oils inclined by 3.1 million barrels

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Wednesday, Oct 07 2015

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.1 million barrels from the previous week. Analysts were anticipating increase by 2.2 million barrels. At 461.0 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years. Total motor gasoline inventories increased by 1.9 million barrels last week, and are above the upper limit of the average range.

Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories decreased by 2.5 million barrels last week but are in the middle of the average range for this time of year. Propane/propylene inventories rose 1.6 million barrels last week and are well above the upper limit of the average range. Total commercial petroleum inventories increased by 2.3 million barrels last week.

Euro is currently being traded around 1.1220 area, Sterling is few points below 1.53 handle, while Aussie is few points above 0.7220 level.

More in this category: « U.K. Industrial Production rose more than expected Aussie lower on speculations of additional stimulus in China »

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