U.S. Oil Inventories Rose by 7.5M Barrels Last Week – EIA By Investing.com

© Reuters.

© Reuters.

By Kim Khan

Investing.com – stockpiles rose more than the market was expecting last week, the Energy Information Administration reported Wednesday.

  • climbed by 7.5 million barrels for the week ended Feb. 7, the EIA said. Analysts were looking for a build of about 3 million barrels, according to forecasts compiled by Investing.com.
  • fell by 95,000 barrels, versus expectations for a rise of about 550,000 barrels. fell by 2 million barrels, compared with forecasts for a decline of about 560,000 barrels.
  • pared gains, rising 3%. They were up about 3.5% right before the numbers came out.
  • Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Source link