Commodities: Dec 2013 Oil (WTI) Contract Down 0.3% As Market Awaits API Report

By
A A A

Crude oil ( WTI ) futures contracts slipped early today as the market awaits the American Petroleum Institute report late today on oil stockpiles.

Ahead of the report, crude for December delivery (CLZ3.NYM) fell 25 cents or 0.3% to $94.38 a barrel in electronic transactions.

The API is scheduled to release its oil supply statistics at 4:30 p.m. Eastern time, and analysts polled by Platts expect oil stocks to rise a significant 2.5 million barrels for the week ended Nov. 1.

Supplies have been on the rise for the past six weeks as U.S. production continues to increase.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: WTI

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

49,887,281
  • $100.50 ▼ 1.11%
48,186,037
  • $16.735 ▼ 0.03%
46,998,897
  • $42.80 ▲ 0.59%
43,370,880
  • $17.66 ▲ 6.77%
42,403,487
  • $13.77 ▲ 30.03%
29,197,900
  • $76.01 ▲ 1.92%
26,088,398
  • $99.43 ▲ 0.92%
26,001,962
  • $3.58 ▼ 0.14%
As of 9/16/2014, 02:34 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com