16 August 2008
USA: fall in stocks of gasoline, crude back above the 115 USD
The stocks of gasoline fell more than expected last week to the USA, while gross reserves have declined less than expected, announced Wednesday the U.S. Department of Energy (DoE).
Stocks of gasoline fell 6.4 million barrels to 202.8 million barrels, or more than the decline of 2 million barrels expected by analysts, during the week ending August 8. This is the third consecutive week of decline of these stocks, which are closely monitored by investors during the summer period of high consumption.
The reserves of crude oil have however declined by 400,000 barrels to 296.5 million barrels. Analysts tablaient on a decline of 600,000 barrels.
Finally, the reserves of distilled products (diesel and heating oil) fell unexpectedly: -1.7 million barrels to 131.6 million, against an increase of 1.75 million expected by analysts.
Around 14H40 GMT (16:40 CET), on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for delivery in September was $ 115.20, up 2.19 dollars compared to Tuesday. It had opened up 86 cents.
by erectusplus at 17:41:00 |
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