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EIA reports increase of 3.4 million barrels in crude supplies

Wednesday, Oct 28 2015
Administration reported an increase of 3.4 million barrels in crude supplies for the week ended Oct. 23. Analysts polled by Platts expected supplies to be up by 1.6 million barrels, while those surveyed by The Wall Street Journal looked for a 3.7 million-barrel rise. 
 
The American Petroleum Institute Tuesday said inventories rose 4.1 million barrels, according to sources. Gasoline supplies fell by 1.1 million barrels, while distillate stockpiles declined by 3 million barrels last week, according to the EIA. 
 
Euro is currently being traded around 1.1060 level, Sterling is at 1.5320 area, while Aussie is at 0.7150 handle. Later today, FOMC interest rate decision and the following statement are scheduled for a releas
More in this category: « Sterling still influenced by GDP figures Fed keeps rates unchanged, sets up possible December hike »

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