FX & CFD trading involves significant risk
extended declines after a government report showed that
production was unchanged near the highest level since 1992. Output has surged
as the combination of horizontal drilling and hydraulic fracturing, or
fracking, has unlocked supplies trapped in shale formations in states including
stockpiles at the
Gasoline stockpiles decreased by 572,000 barrels to 220.7 million last week, according to the EIA. Supplies of distillate fuel, a category that includes heating oil and diesel, declined 2.27 million barrels to 113 million.
Corp. (XOM)’s Pegasus pipeline, linking the U.S. Midwest to
WTI oil for
May delivery fell to $95.10 a barrel on the New York Mercantile Exchange. The
contract traded at $96.46 before the release of the report at 10:30 a.m. in
Brent crude for May settlement declined $1.93, or 1.7 percent, to $108.76 a barrel on the London-based ICE Futures Europe exchange.
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