Login/Register

WTI futures jump after latest DoE inventory figures

Commodities

WTI futures jump after latest DoE inventory figures

Wed, 17 May 2017
Article viewed 16 times
http://stmedia.digitallook.com/web/img/dl/110_lubricant_drums_opt.jpg
bool(true)
WTI futures jump after latest DoE inventory figures

(ShareCast News) - US oil and product stockpiles fell sharply during the latest reference week despite a sharp pick-up in imports.
During the week ending on 12 May, commercial US crude oil inventories fell by 1.8m barrels versus the prior week to reach 520.8m, according to the Energy Information Administration, the US Department of Energy's statistical arm.

In parallel, gasoline inventories fell by 0.4m barrels, while those of distillate fuels declined by 1.9m barrels.

Meanwhile, refineries operated at 93.4% of their operating capacity.

Crude oil imports on the other hand ran at an average rate of 8.6m barrels per day last week, 970,000 b/d more than in the week before.

NASDAQ 100 Top Risers

Name Last Chg.% Time
Amazon.Com Inc. 1,038.95 1.29 23:05
Apple Inc. 152.09 1.21 23:06
Autodesk Inc. 110.81 0.97 22:48
Activision Blizzard Inc. 61.44 0.84 22:21
Alphabet Inc. Class C 980.34 0.76 23:09

NASDAQ 100 Top Fallers

Name Last Chg.% Time
American Airlines Group 51.28 -1.21 23:04
Automatic Data Processing Inc. 103.54 -0.99 22:07
Alexion Pharmaceuticals Inc. 130.74 -0.80 22:07
Analog Devices Inc. 78.75 -0.27 23:06
Applied Materials Inc. 46.78 -0.06 23:05