MTECHTIPS:-Oil prices rose on Thursday after an unexpected draw in U.S. gasoline inventories pointed to higher demand in the world’s biggest oil market, although bloated crude supplies meant that fuel markets remain under pressure. Benchmark Brent crude (LCOc 1) was up 60 cents a barrel at $55.72 per barrel by 1435 GMT. U.S. light crude (CLc 1) was 80 cents higher at $53.14 a barrel. The U.S. Energy Information Administration (EIA) said on Wednesday gasoline inventories fell by 869,000 barrels last week to 256.2 million barrels, versus analyst expectations for a 1.1 million-barrel gain. [EIA/S] The fall in gasoline stocks suggested U.S. consumption was stronger than expected, and may be healthy enough to support prices at time when most fuel oil markets are very well stocked. “U.S. gasoline draws are supporting prices today,” said Tamas Varga, senior analyst at London brokerage PVM Oil Associates. “They are an indication of stronger U.S. demand.” The EIA report also said U.S. commercial crude inventories rose by 13.8 million barrels to 508.6 million barrels, well above analysts’ forecasts. U.S. bank Goldman Sachs (NYSE:GS) said high fuel inventories and rising U.S. crude production meant oil markets would be over-supplied for some time, but that they would drain gradually. “We do not view the recent excess U.S. builds as derailing our forecast for a gradual draw in inventories, with in fact the rest of the world already showing signs of tightness,” the bank said in a note to clients.
Raw - US-South Korean Live-Fire Exercises and North Korea Updates
With All Eyes on the War This Wikileaks Bombshell Is Purposefully Ignored! Major Distraction!!!
Totalitarian Left Celebrates Their ‘Pyrrhic Victory’ (Video)
The YouTube Monopsony
Red Alert: Power Outages Again! Prelude to a Huge Attack? Widespread Power Outages All Across Los Angeles! (Videos)
North Korea Fires Off Final Warning Plus Exclusive Mr Trump's Interview: Major, Major Conflict (Videos)
Trump to NRA: “8 Yr Assault on 2nd Amendment Is Over” (Video)
Democrats Deliver Massive Knockout Blow to Republicans (Video)
America Is Under Attack by These 187 Groups Funded by George Soros (Video)
Does Your Child Suffer From RAD: Reactive Attachment Disorder (Videos)
Why Does Jared Kushner Look Like He Is Getting Ready To Play The Role Of The Biblical Antichrist?
North Korea Satellite EMP PSYOP to Start WWIII Say Expert - Proof Satellite Location Is Being Manipulated.
Staged ISIS Bombing Video. If This Doesn't Wake You Up, Nothing Will.
Rampaging Wild Boars Kill 3 ISIS Terrorists in Iraq
Russian Military Ship Sinks After Collision
Thug Tries To Rob Store, But He Should Have Looked Over His Shoulder
Hackers Exploited Word Flaw for Months While Microsoft Investigated
Major Leak at Oroville Damn Detected
Pastor Steve Cioccolanti Explains Sheol [Hell] and Seoul from the Israeli Bible
Israel Bombs Road To Damascus..Airport
Whoa! Ghost Spotted by Mayor of Salem, Home of Salem Witch Trials (Video)
Gotta See: Watch Clerk Keep Cool as Thug Points Gun at His Face (Video)
Top Cardiologists: Saturated Fat Not the Cause of Heart Disease
Here’s the Creepy New AI-Enhanced $15k Robot Tons of Lonely Dudes Are Going to Have Sex with Soon
"Jack the Ripper" Was Winston Churchill's Father
The YouTube Monopsony
Critical Developing Situation! China Warns North Korea Is at a Critical Point (Video)
Still Not Sure? They Do Not Want You to See These! The World is Swiftly Being Conditioned: Perilous Times, Fearful Sights (Videos)
Cooler Heads Must Prevail! World Leaders Warn of Crisis - Situation Has Deteriorated! (Video)
Ancient Ruins on Earth - Matteo Ianneo Italian Researcher