U.S. Crude Inventories Fell 3.1 Million Barrels in Week Ended Oct. 16
Photo: TokenPost
U.S. commercial crude inventories fell 3.1 million barrels in the week ended Oct. 16, a decline disclosed after Brent had already traded above $110 a barrel Wednesday morning. Commercial stocks, excluding the Strategic Petroleum Reserve, stood at 412.5 million barrels. Gasoline inventories fell 3.0 million barrels, while distillate inventories rose 1.7 million barrels. At 6:48 a.m. ET (10:48 UTC) Oct. 21, Brent futures were $110.85 a barrel, up 1.9% from Tuesday’s close. West Texas Intermediate futures were $99.95 a barrel, up 2.2%. Both prices were recorded before the inventory figures were released.
Source: TokenPost
