Gasoline Inventories Fall –

Gasoline inventories declined 2.6 million barrels and distillate inventories fell 3.3 million barrels.  The Energy Information Administration also indicated that crude oil increased 3.7 million barrels which was greater than the 2 million barrel increase expected by analysts.  Inventories of crude oil at Cushing Oklahoma rose to 44.1 million barrels.

To read a related Nasdaq article, please click here:

http://www.nasdaq.com/article/oil-futures-crude-pares-losses-following-inventory-data-20120509-01176

James Sutliff

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