Crude Oil Inventories increased by 0.2 million barrels

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Wednesday, Jan 13 2016

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.2 million barrels from the previous week. Analysts were anticipating increase by 1.9 billion barrels. At 482.6 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 8.4 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 increased by 6.1 million barrels last week and are above the upper limit of the average range for this time of year. Propane/propylene inventories fell 4.5 million barrels last week but are well above the upper limit of the average range. Total commercial petroleum inventories increased by 10.0 million barrels last week.

Euro is currently being traded few points above 1.0880 level, Sterling is around 1.4440 handle, while Aussie is around 0.70 area.

More in this category: « Sterling lower ahead of tomorrow's BoE Minutes Number of employed in Australia decreased by 1,000 »

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