FX & CFD trading involves significant risk
after reports pointed to accelerating global growth and as the spread between
West Texas Intermediate crude in the
rose as much as 1.3 percent as
for unemployment insurance payments decreased by 5,000 to
Nationwide crude stockpiles rose 2.81 million barrels to 363.1 million in the week ended Jan. 18, according to the EIA. A 2.15 million-barrel gain was projected, according to the median of 10 responses in a survey of analysts.
Gasoline inventories declined 1.74 million barrels to 233.3 million, versus an expected gain of 1.25 million. Stockpiles of distillate fuel, a category that includes heating oil and diesel, increased 508,000 barrels to 132.9 million, versus a forecast of no change.
Refineries operated at 83.6 percent of capacity last week, the lowest level since March, the report from the Energy Department’s statistical arm showed.
Crude oil for March delivery gained to $96.68 a barrel on the New York Mercantile Exchange.
Brent oil for March settlement increased 72 cents, or 0.6 percent, to $113.52 a barrel on the London-based ICE Futures Europe exchange. Volume was 30 percent above the 100-day average.
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