Crude Oil Inventories decreased by 2.5 million barrels

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Wednesday, Jul 13 2016

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.5 million barrels from the previous week. At 521.8 million barrels, U.S. crude oil inventories are at historically high levels for this time of year.Total motor gasoline inventories increased by 1.2 million barrels last week, and are well

above the upper limit of the average range.

Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories increased by 4.1 million barrels last week and are well above the upper limit of the average range for this time of year. Propane/propylene inventories rose 2.6 million barrels last week and are at the upper limit of the average range. Total commercial petroleum inventories increased by 7.1 million barrels last week.

Euro is currently being traded few points above 1.11 area, Sterling is at 1.3180 level, while Aussie is around 0.7620 level.

More in this category: « China's Trade Balance showed surplus of $48.11 billion Australian Unemployment Rate rose to 5.8% »

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