The weekly Petroleum Status Report from the U.S. Department of Energy indicated a rise in crude oil inventories of 2.6 million barrels. There were also increases in gasoline inventories of 4.4 million barrels and distillates of 1 million barrels. All three are above the upper limit of the average range for inventories at this time of year. The data sent crude prices down over 2$ in trading on Thursday.
To read the text of the Petroleum Status Report, please click here: