Oil falls at the settlement after Ziad big in US inventories

by day dreamer Thu 22 Jan 2015, 7:23 pm

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Post n°1

Oil falls at the settlement after Ziad big in US inventories

by day dreamer Thu 22 Jan 2015, 7:23 pm

Oil falls at the settlement after Ziad big in US inventories
[ltr]January 23, 2015 3:08[/ltr]
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Oil falls at the settlement after Ziad big in US inventories النفط-685x320

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[ltr] (Independent) ... Oil prices fell at the settlement on Thursday after a government report revealed the largest increase in US crude stocks in at least 14 years.[/ltr]
[ltr]And widened the gap between WTI and global measurement of Brent crude to $ 2.53, its biggest level since the settlement of the seventh of January, with US crude falling more than two percent.[/ltr]
[ltr] The inn US crude $ 1.47 at the close to $ 46.31 a barrel. Brent closed down 51 cents to $ 48.52 a barrel. And surprised the US Energy Information Administration markets by announcing rising US crude stocks 10.1 million barrels, the largest weekly increase in at least 14 years.[/ltr]
[ltr] Said Andrew Lipo Lipo Head Oil Associates "size of the increase in (stocks) of crude was a surprise."[/ltr]
[ltr] US Energy Information Administration data indicate that US crude inventories are currently at their highest levels at this season through no less than 80 years. He predicted traders in a Reuters poll increase of 2.6 million barrels in stocks.[/ltr]
[ltr]The data showed an increase of 2.91 million barrels in crude stocks futures delivery center in Cushing, Oklahoma.[/ltr]
[ltr]Oversupply in the United States and played a major role in the decline in oil prices 60 percent over the past months. (End)[/ltr]

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