Oil price to test 36.07 support level by U.S. commercial crude oil inventories increased by 10.4M barrels from the previous week
by
, 03-02-2016 at 07:59 PM (996 Views)
2016-03-02 15:30 GMT | [USD - Crude Oil Inventories]
- past data is 3.5M
- forecast data is 3.4M
- actual data is 10.4M according to the latest press release
[USD - Crude Oil Inventories] = Change in the number of barrels of crude oil held in inventory by commercial firms during the past week.
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"U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 10.4 million barrels from the previous week. At 518.0 million barrels, U.S. crude oil inventories are at historically high levels for this time of year. Total motor gasoline inventories decreased by 1.5 million barrels last week, but are well above the upper limit of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories increased by 2.9 million barrels last week and are above the upper limit of the average range for this time of year. Propane/propylene inventories fell 3.7 million barrels last week but are well above the upper limit of the average range. Total commercial petroleum inventories increased by 9.9 million barrels last week."
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Crude Oil M5 price movement by U.S. commercial crude oil inventories news event: