It had traded at $98.80 a barrel prior to the report. Analysts polled by Platts had expected crude stockpiles to increase 500,000 barrels. Gasoline inventories were up 100,000 barrels, the Energy Information Administration said. Analysts had seen an increase of 550,000 barrels. The agency also said inventories of distillates decreased 1.2 million barrels, whereas analysts had expected an increase of 600,000 barrels.
1 posted on
05/18/2011 7:58:57 AM PDT by
scooby321
To: scooby321
the longer it stays high the more nails are pounded into Barry’s political coffin. I shall grin and bear it.
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