Wednesday, October 9, 2013

Crude Oil Inventory

Crude Oil Inventory

Crude Oil report is monthly report shows the net quantity of crude oil remains available for use in U.S. budget for the past month, Traders concern? this report shows the inflation levels and industrial economy health, as U.S. is the biggest economy and number one oil consumer it matters to be informed about its stock of oil.
According to experts U.S. Crude Oil inventory report is one of the most effective reports in oil market, due to its governmental shutdown and high default risk, economists can now exactly figure out for what level U.S. economy tormented by the shutdown.

As the figures announced for the month of August shown 5.5 Million barrels as surplus, the forecasts are about big difference for the month of September which are 0.5 Million barrels surplus.

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