Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By MTECHTIPS
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

MTECHTIPS;-Oil Prices Slide on Surprise Increase in U.S. Inventories

Thursday, March 28, 2019 6:36

% of readers think this story is Fact. Add your two cents.

MTECHTIPS;-Oil Prices Slide on Surprise Increase in U.S. Inventories

MTECHTIPS-Oil prices slid on Thursday after data showed an unexpected rise in U.S. inventories. U.S. Crude Oil WTI Futures slid 0.3% to $59.23 by 12:30 AM ET (04:30 GMT). International Brent Oil Futures were down 0.2% to $67.13. The U.S. Energy Information Administration (EIA) reported that U.S. crude stocks increased by 2.8 million barrels last week. Markets previously expected a decrease of 1.2 million barrels. The data disappointed oil bulls counting on a third-straight week of draws after a total inventory slide of nearly 14 million barrels in the two previous weeks. The EIA also reported that gasoline inventories fell by 2.88 million barrels, compared with expectations for a draw of 2.78 million barrels. Distillate stockpiles dropped by 2.08 million barrels, compared with forecasts for a decline of 0.9 million. Despite today’s fall, oil prices managed to rebound in March and have rallied about 25% since the beginning of the year. Lower-than-expected supply both in the OPEC and the U.S. were cited as supporting oil markets. Crude oil production from OPEC was down 1.5 m bpd year-on-year to 30.5 m bpd in February. Meanwhile, U.S. oil production stagnated at around 11.9 m bpd since last November

MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

WWW.MTECHTIPS.COM

07489294118-119

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,602,598,817
Stories:	8,147,458