NEW YORK, Oct 6 (Reuters) – U.S. crude oil futures prices
extended losses on Wednesday in choppy trading after a
government oil inventory report showed crude stocks rose more
than expected last week.
The U.S. Energy Information Administration’s weekly report
said the nation’s crude oil inventories rose by 3.09 million
barrels in the week to Oct. 1, more than the 300,000-barrel
rise expected. [EIA/S]
The EIA also reported gasoline stocks fell much more than
expected, while distillate stocks also fell slightly more than
forecast.
×
Comments are closed.