CAPITALSTARS THURSDAY MCX COMMODITY NEWS UPDATE :CRUDE OIL: 18 JULY 2019
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| Capitalstars Investment Advisor |
- Energy Preview: US Crude Oil Stockpiles Fall For Fifth Week
Energy Preview: US Crude Oil Stockpiles Fall For Fifth Week July 18,2019 09:04 The US Energy Information Administration (EIA) on Wednesday reported that US crude supplies fell for a fifth consecutive week. Crude stockpiles slipped 3.1 million barrels for the week ended July 12. US crude production fell 300,000 barrels per day in the week to July 12 to 12 million bpd, according to the EIA. Stocks at the Cushing, Oklahoma, delivery hub for US crude future also fell by 1.35 million barrels. Net US crude imports were marginally higher, rising 44,000 bpd, while exports alone fell about half a million bpd. Gasoline stocks rose 3.6 million barrels while distillates stocks rose 5.7 million barrels, the EIA data showed.
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