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Energie & Management > Commentary - Commodities - Oil drops on strong US inventory figures
Commentary

Commodities - Oil drops on strong US inventory figures

Oil prices moved downwards on Wednesday after the relase of healthy stock pile figures in the US. However, the market remains bullish according to players. Coal and gas also dropped, while carbon saw a relatively quiet trading session.
Oil prices dropped on Wednesday, after a 2.7m barrel increase in US crude inventories during week 18 to 329.7m barrels. This was the highest level since July 1999 and the 12th rise in 13 weeks. Stock pile figures were above market expectations of a 1.5m barrel increase and came despite a drop in US crude imports by 267,000 b/d to 9.99m b/d, reports Financial Times. However, market partic

Donnerstag, 12.05.2005, 09:18 Uhr
Redaktion
Energie & Management > Commentary - Commodities - Oil drops on strong US inventory figures
Commentary
Commodities - Oil drops on strong US inventory figures
Oil prices moved downwards on Wednesday after the relase of healthy stock pile figures in the US. However, the market remains bullish according to players. Coal and gas also dropped, while carbon saw a relatively quiet trading session.
Oil prices dropped on Wednesday, after a 2.7m barrel increase in US crude inventories during week 18 to 329.7m barrels. This was the highest level since July 1999 and the 12th rise in 13 weeks. Stock pile figures were above market expectations of a 1.5m barrel increase and came despite a drop in US crude imports by 267,000 b/d to 9.99m b/d, reports Financial Times. However, market partic

Donnerstag, 12.05.2005, 09:18 Uhr
Redaktion

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