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Oil prices decline due to surprise inventory build and weak economic data.

1 min read
Source: OilPrice.com
Oil prices decline due to surprise inventory build and weak economic data.
Photo: OilPrice.com
TL;DR

US crude oil inventories unexpectedly rose by 3.618 million barrels, while gasoline inventories rose by 399,000 barrels and distillate inventories fell by 3.945 million barrels. US crude oil production rose by 100,000 bpd to 12.3 million bpd. Despite the surprise inventory build, the price of WTI and Brent crude oil were both trading up on Tuesday.

Topics:businessenergy#crude-inventories#distillate-inventories#energy#gasoline-inventories#oil-prices#us-production
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  1. Surprise Inventory Build Starts To Eat Into Oil Price Rally  OilPrice.com
  2. Crude oil weakens on weak Chinese trade data; U.S. inflation data due By Investing.com  Investing.com
  3. Oil prices edge lower after surprise build in U.S. crude, gasoline stockpiles  INQUIRER.net
  4. Oil Price Volatility Will Only Get More Extreme  OilPrice.com
  5. Crude Oil Forecast: Continues to Stabilize from Lows  DailyForex.com

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