Wednesday, 11 May 2011

Oil futures fall As Traders Await US supply Data

SAN FRANCISCO (Dow Jones) - Crude oil futures fell Wednesday, pulling back from gains seen in the previous session as traders await the release of a U.S. government report expected an increase in crude supplies to show. June crude / quotes/comstock/21n f: cl \ m11 CLM11 -2.09%, a decrease of $ 1.70, or 1.6%, to $ 102.18 a barrel on the New York Mercantile Exchange. The Energy Information Administration's weekly supply report will be at 10:30 Eastern. Analysts polled by Platts expect the EIA to an increase of 1.6 million barrels of crude oil inventories to show.


Post a Comment

Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Facebook Themes