قالب وردپرس درنا توس
Home / Business / API: Supersized Crude Build sends down oil prices

API: Supersized Crude Build sends down oil prices



The American Petroleum Institute (API) has estimated a larger crude oil build-up of 10.45 million barrels for the week ending October 10 – compared to analyst expectations of a much smaller build of 2,878 million barrels.

See last week a large build of crude oil inventory of 4.13 million barrels, according to API data. The EIA estimated that week it had been a smaller building of 2.9 million barrels.

Following today's stock movement, the net draw for the year is 15.27 million barrels for the reporting period of 42 weeks so far, using API data. [19659002]   Oil Draw "title =" Oil Draw "/> </p>
<p>  Oil prices traded up Wednesday before data release after rebounding from persistently bleak economic growth outlook, the latest of which came from International Monetary Fund, which said it sees global economic growth slipping to just 3% this year – the slowest growth since the 2008 financial crisis. </p>
<p>  At 15.42 EDT, WTI traded for $ 0.48 (+ 0.91%) to $ 53.29 — $ 0.70 week over week. (+ 1.02%) to $ 59.34, roughly flat week on week. </p><div><script async src=

Related: Is Iran considering an attack on Saudi Arabia?

API this the week reported a 934,000 barrels of gasoline for the week ending Octob's 10. Analysts foresaw a larger haul in petrol inventories of 1,381 million barrels for the week. million barrels.

Estimated US crude oil production t by the Energy Information Administration showed that production for the week ending October 4 increased to 12.6 million bpd, a new new highlight.

Kl. 16.43 EDT traded up $ 53.32 while Brent traded up $ 59.34.

By Julianne Geiger for Oilprice.com

More top readings from Oillprice.com: Chapter19659014 ??! Function (f, b, e, v, n, t, s) {if (f. FBQ) back; n = f.fbq = function () {n.callMethod n.callMethod.apply (n, arguments):? n.queue.push (arguments)} ;! if (f._fbq) f._fbq = n; n.push = n; n.loaded = 0 ;! n.version = & # 39; 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async = 0 ;! t.src = v; s = b.getElementsByTagName (s) [0]; s.parentNode.insertBefore (t, s)} {window, document, & # 39; script & # 39 ;, "https: //connect.facebook.ne t / no / fbevents.js & # 39;); FBQ ( & # 39; init & # 39 ;, & # 39; 247445556002302 & # 39;); FBQ (& # 39; track & # 39 ;, & # 39; page views & # 39;);
Source link