He oil price Texas Intermediate (WTI) fell 0.6% this Wednesday and closed at $78.59 a barrel, thus continuing Tuesday’s losses.
At the close of business in NYthe barrel of WTI for delivery in March became more expensive by 0.47 dollars with respect to the previous closing.
The Energy Information Management (EIA) reported on Wednesday a weekly increase of 16.3 million barrels in US crude inventories.
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The data from the ea they included an upward “adjustment” of crude stocks of 1.967 million barrels per day.
That “suggests that the EIA not only underestimated domestic crude production, but also net crude imports, while overestimating refinery operations,” he said. troy vincentsenior market analyst for NTDin statements collected by market watches.
For their part, natural gas futures contracts for March subtracted $0.09, up to $2.47, and gasoline futures contracts expiring the same month added $0.009, up to $2.49.
