Crude Oil Inventory Report –

Despite a rise in inventory, crude oil is still trading in the $105 range.  The Department of Energy released their weekly inventory report that showed crude inventories rising 2.5 million barrels.  The increase was larger than analysts had expected and adds to the already high inventory levels.  The report also indicated that gasoline supplies fell 5.5 million barrels and distillates declined 4 million barrels. 

To read a related Wall Street Journal article, please click here:

Jim Sutliff

This entry was posted in Economic News, Gasoline, General, Investments, Oil, Options & Futures, Trading. Bookmark the permalink.