EIA data released this morning showed a rise of 1.9 million barrels of crude oil. An inventory rise of 300,000 barrels was expected from analysts. Stockpiles of Gasoline rose 3.6 million barrels and a slight increase of only 100,000 barrels was expected. These numbers helped to send crude oil prices down in recent trading.
To view the Energy Information Administration site, please click here:
http://www.eia.doe.gov/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/wpsr.html
To read a related CBS MarketWatch article, please click here:
http://www.marketwatch.com/story/crude-oil-sinks-after-eia-shows-inventory-gain-2010-04-21
James Sutliff