Inventory Data Might Help Oil Rise More

inventory data might help oil rise more
Inventory Data Might Help Oil Rise More

According to the EIA’s (U.S. Energy Information Administration) report on August 1, US crude oil inventories rose by ~3.8 MMbbls (million barrels) to ~408.7 MMbbls in the week ending on July 27. The market expected a fall of 2.8 MMbbls, according to Reuters. US crude oil September futures fell 1.6% on August 1.

Read on The Source

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com