Ishmael
JF-Expert Member
- Oct 18, 2011
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U.S. oil futures tumbled more than 3 percent on Thursday to a one-week low around $50 a barrel after data showed a surprisingly sharp build in U.S. crude inventories.
U.S. crude for March delivery CLc1 fell to a session low of $50.23 a barrel, down almost $2 from Wednesday's settlement. The contract was trading down $1.51 at $50.63 by 7.06 p.m. ET, after settling down $1.39 on Wednesday.
London Brent crude LCOc1 for April delivery was yet to trade, after settling $2 lower at $60.53 a barrel.
U.S. crude stocks rose by 14.3 million barrels last week, data by industry group the American Petroleum Institute showed after Wednesday's settlement, compared with analyst expectations of an increase of 3.2 million barrels.
FULL story at link.
http://s3.reutersmedia.net/resource...6146231&w=580&fh=&fw=&ll=&pl=&r=LYNXMPEB1I00M
A crude oil train moves past the loading rack at the Eighty-Eight Oil LLC's transloading facility in Ft. Laramie, Wyoming July 15, 2014.
CREDIT: REUTERS/RICK WILKING
Read more: http://www.reuters.com/article/2015/02/19/us-markets-oil-idUSKBN0LN01M20150219q
U.S. crude for March delivery CLc1 fell to a session low of $50.23 a barrel, down almost $2 from Wednesday's settlement. The contract was trading down $1.51 at $50.63 by 7.06 p.m. ET, after settling down $1.39 on Wednesday.
London Brent crude LCOc1 for April delivery was yet to trade, after settling $2 lower at $60.53 a barrel.
U.S. crude stocks rose by 14.3 million barrels last week, data by industry group the American Petroleum Institute showed after Wednesday's settlement, compared with analyst expectations of an increase of 3.2 million barrels.
FULL story at link.
http://s3.reutersmedia.net/resource...6146231&w=580&fh=&fw=&ll=&pl=&r=LYNXMPEB1I00M
A crude oil train moves past the loading rack at the Eighty-Eight Oil LLC's transloading facility in Ft. Laramie, Wyoming July 15, 2014.
CREDIT: REUTERS/RICK WILKING
Read more: http://www.reuters.com/article/2015/02/19/us-markets-oil-idUSKBN0LN01M20150219q
