Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

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.

 
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