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        The fall in oil prices was pressed by the EIA inventory report and the fund's fi


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Oil prices fell on Wednesday, before official data showed U.S. crude inventories increased more than expected and gasoline inventories increased unexpectedly.
The energy data association (EIA) published data that U.S. crude oil inventories increased by 3 million barrels in the week of February 23rd, up from an estimated increase of 2 million 100 thousand barrels by analysts. Gasoline inventories have also risen unexpectedly.
The increase in inventory and a large, recently this rally looks somewhat a fundamental solution of taste, "RJO Futures, senior market analyst Phillip Streible said.
Brent crude oil futures fell for second days in a row for six days.
U.S. crude oil futures fell $1.37 or 2.17%, with a settlement price of $61.64. Brant's May crude oil futures fell 1.79 dollars or 2.7%, and the settlement price was reported to be $64.73 a barrel.
Due Wednesday April Brent crude oil contract settled down $0.85 or 1.28% to $65.78 a barrel.
The EIA report showed that the U.S. crude oil production in December from the previous month fell by 108 thousand barrels to 9 million 950 thousand barrels / day, short cut oil prices decline, but the subsequent recovery decline, 10 million 57 thousand barrels due to report in November crude oil production was revised up to record the day.
"The market is really trying to expand at the end of the market, but due to the end of the day, many hedge funds have decided to partially settle their profits," Price Futures Group analyst Phil Flynn said.
"The US production has increased, and the time to break through 11 million barrels / days will be much earlier than expected," Streible said.


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