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Oil extends losses after EIA reports fall of 2.5 mln barrels in U.S. crude supplies
Oil futures extended their earlier losses Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies fell by a less-than-expected 2.5 million barrels for the week ended July 8. The American Petroleum Institute late Tuesday had reported a 2.2 million-barrel climb, according to sources, while analysts polled by S&P Global Platts expected a decline of 3.25 million barrels. Gasoline supplies rose 1.2 million barrels, while distillate stockpiles jumped by 4.1 million barrels last week, according to the EIA. August crude CLQ6, -0.60% fell 92 cents, or 2%, from Tuesday's settlement to ... (full story)
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Carbon-Dioxide: the gas of life!
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Carbon-Dioxide: the gas of life!