Markets

Market Chatter: WTI Advances a Fifth Day as U.S. Refiners Bolster Output

"West Texas Intermediate traded near its highest in five weeks and was set for a quarterly gain after U.S. government data showed refineries raised operating rates," Bloomberg reported.

It said: "Futures rose as much as 0.4% in New York and have gained 5.2% in the past three months. Refineries ran at 85.7% of capacity last week, up 2.2 percentage points from the prior week and the most since January, figures from the Energy Department showed yesterday. U.S. crude stockpiles increased 3.3 million barrels, according to the report. They were forecast to gain 1.33 million barrels, an earlier Bloomberg News survey showed."

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More