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Oil rises after the decline in the US inventory
Reuters reported a rise of oil futures, to maintain some of its previous gains, after a report showed a decline in US crude inventories, but data indicate weak demand for gasoline eased affected by it.
The United States fell from crude stocks 7.6 million barrels last week, the biggest weekly drop in ten months. According to what you mention the US Energy Information Administration.
The US gasoline stocks fell 1.6 million barrels, while analysts expected to rise by 1.1 million barrels, but they remain at the top are the other half of the average range.
The futures rose for Brent 22 cents, equivalent to 0.5 per cent, determined to settle at $ 47.74 a barrel, and increased US crude West Texas Intermediate 45 cents, or one percent, to close at $ 45.49.
http://economy-news.net/content.php?id=8230
Reuters reported a rise of oil futures, to maintain some of its previous gains, after a report showed a decline in US crude inventories, but data indicate weak demand for gasoline eased affected by it.
The United States fell from crude stocks 7.6 million barrels last week, the biggest weekly drop in ten months. According to what you mention the US Energy Information Administration.
The US gasoline stocks fell 1.6 million barrels, while analysts expected to rise by 1.1 million barrels, but they remain at the top are the other half of the average range.
The futures rose for Brent 22 cents, equivalent to 0.5 per cent, determined to settle at $ 47.74 a barrel, and increased US crude West Texas Intermediate 45 cents, or one percent, to close at $ 45.49.
http://economy-news.net/content.php?id=8230
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