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

Oil futures seesaw after EIA supply report *PIC*

Oil futures seesaw after EIA supply report (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Crude-oil futures wavered between small gains and losses on Wednesday, after the Energy Information Administration said oil inventories rose 600,000 barrels in the week ended May 20. Analysts polled by Platts expected crude supplies to decline 1.6 million barrels in the week. The EIA also showed gasoline inventories up 3.8 million barrels, and distillate supplies decreased 2 million barrels. Analysts surveyed by Platts had seen gasoline up 750,000 barrels, and distillates stocks up 500,000 barrels. Crude for July delivery (cln11) declined 3 cents to $99.58 a barrel on the New York Mercantile Exchange.