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Oil futures drop as sources say API data show U.S. crude supply...

  1. DSD
    15,757 Posts.
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    26/10/16
    08:49
    Post #: 20122652
    Oil futures drop as sources say API data show U.S. crude supply up 4.8 mln barrels
    Published: Oct 25, 2016 4:53 p.m. ET

    Oil futures dropped in electronic trading Tuesday after the American Petroleum Institute reported a 4.8 million-barrel climb in U.S. crude supplies for the week ended Oct. 21, according to sources. Analysts polled by S&P Global Platts forecast an increase of 400,000 barrels in stockpiles. Supply data from the Energy Information Administration will be released Wednesday. December crudeCLZ6, -2.41% was at $49.42 a barrel in electronic trading, down from the contract’s settlement of $49.94 on the New York Mercantile Exchange.

    http://www.marketwatch.com/story/oi...-us-crude-supply-up-48-mln-barrels-2016-10-25
    Last edited by DSD: 26/10/16
    WOR Price at posting: $8.85 Sentiment: Sell Disclosure: Not Held
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