27/10/2011Increase in us crude oil stocks
The American Petroleum Institute said crude oil inventories in the United States rose sharply last week with a recovery in imports while gasoline stocks showed a surprise increase.
Crude stocks jumped 2.7 million barrels over the week ending 21 October as the Institute's report showed that while the expectations of analysts polled by Reuters views to increase less than half that when 1.3 million barrels.
The increase in crude imports rising 619 thousand barrels per day to 55 t 9 million barrels over the week after falling in the previous report.
Crude stocks increased focus in the Gulf Coast of Mexico that saw a sharp increase was 4.85 million barrels while stocks retreated East Coast and Central continent.
Despite the decline in crude stocks in the Central continent 1.4 million barrels, but rose one million barrels in the kashang in Oklahoma where the delivery point for decades, the New York Mercantile Exchange (NYMEX).
Crude stocks drew additional support from declining run refineries to 83.2 percent of energy productivity decline from 83.4 percent the previous week.
And reduced crude futures gains after publication of the report and become high $ 1.25 for barrel when 83.96 dollars per barrel in post-settlement transactions. Today's settlement price determined when 138.19 dollars per barrel.
Said Tim Evans, energy analyst at Citi futures perspectives "American Petroleum Institute data predict decline in prices compared to market expectations and a modest increase in gasoline stocks most No. contrary to expectations."
Gasoline stocks rose 153 000 barrels while it was expected to decline 1.6 million barrels offsetting increases in eastern seaboard and Gulf Coast of Mexico following the decline of 1.35 million barrels in stocks of the Central continent.
Distillation products stocks decreased 1.8 million barrels while the analysts to fall 1.9 million barrels. Gulf Coast stocks saw Mexico decreased capacity of 900,000 barrels.
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