
Please try another search
Previous: 3.2 Million Barrels
Forecast: 2.4 Million Barrels
Analysis
Expectations of further rise in US stockpile later today to be revealed by the weekly EIA report will have its weight in markets, which is expected to become the consecutive eight-week buildups. Crude inventories are projected to have risen 2.4 million barrels last week, and another 0.9 million rise in motor gasoline which are already at a 14-year high; it remains now of concern as refineries usually at the end of February and early March begin to adjust their output and shift to less heating oil and more gasoline as the summer driving season will be on the door step.
mounting evidence of OPEC's compliance with deep production cutsOil prices rose nearly 3 percent on Monday after an Iranian military commander reportedly called for an oil boycott...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.