Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Crude extends gains after weekly supplies report

Crude extends gains after weekly supplies report (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Crude-oil futures added to gains after the Energy Information Administration reported a smaller-than-expected increase in crude oil supplies for the week ended March 11. Crude for April delivery (clj11) most recently rose $1.87, or 1.9%, to $99.06 a barrel on the New York Mercantile Exchange. The EIA reported supplies rose 1.7 million barrels for the week. Analysts polled by Platts had expected a rise by 2.1 million barrels. The agency reported that gasoline supplies declined 4.2 million barrels; that compares with expectations around a decline of 1.5 million barrels, according to Platts. Distillates stocks decreased 2.6 million, the EIA reported. The analysts had expected distillate stocks down 1.4 million barrels.

Messages In This Thread

Crude extends gains after weekly supplies report