Crude oil fell in New York after an industry report showed an increase in fuel supplies in the U.S., adding to signs demand has yet to recover in the world’s largest energy consumer.Oil pared yesterday’s 2.6 percent gain after a report from the industry funded American Petroleum Institute showed U.S. gasoline stockpiles climbed the most since January. The Energy Department report today is expected to show increases in the nation’s fuel inventories, according to a Bloomberg News survey.
“We’ve been expecting a demand recovery but we still haven’t seen much of a justification in the supply demand fundamentals,” said Toby Hassall, a research analyst with CWA Global Markets Pty in Sydney. “The underlying supply-demand profile still suggests the market could be vulnerable to a pullback”.....Read the entire article
3 comments:
Hi! Do you know, where I may watch history of API reports? I can't find it.
P.S. Sorry for my English.
It doesn't look like they keep the history on their website. You might try emailing them, they can probably make the available to you, for a price of course.
I know, they don't keep the history (I can't find though actually reviews), but I asked about another resourses.
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