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Wednesday
Oct282009

Crude Oil Inventories Rise Less Than Expected

DateWednesday, October 28, 2009 at 06:56AM

This week's report on Energy Inventories from the EIA showed a smaller than expected build in crude oil stocks (778K vs. 1910K forecast).  Gasoline and distillate stocks, however, posted larger than expected builds.  In addition, even though the build in crude oil stocks was less than expected, current levels are well above their historical averages.  While oil prices were down heading into the report, prices have dipped further following the release.


Crude Oil 102809 

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