CRUDE OIL NEWS UPDATE

Oil prices slipped on Friday in Asia amid new production data from the Energy Information Administration (EIA).U.S. commercial crude oil inventories rose by 3.7 million barrels to 454.5 million barrels in the week ended Feb. 15, the EIA said, versus an increase of 3.6 million barrels in the previous week.Meanwhile, U.S. refineries ran at just 85.9% of capacity last week, the EIA added, as aggressive export cuts by Saudi Arabia continued to squeeze the supply of the heavier oils required for producing transportation fuels.

C/W @ 9720395000
WWW.COMMODITYBAZAAR.CO

Leave a Reply

Your email address will not be published.