Crude oil inventories increase more than expected

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Source: WBP Online
On Wednesday, the Energy Information Administration's weekly report revealed that crude oil inventories in the United States increased by 1.3 million barrels in the period ended May 13, following the 3.4 million drop seen in the previous seven days and surpassing analysts' forecasts for the 3.1 million decline.
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Wed, 18 May 2016 16:38:11 GMT

Gasoline inventories post 2.5 million fall

According to the US Energy Information Administration's weekly report released on Wednesday, gasoline inventories dropped more-than-expected in the week ended May 13. Thus, gasoline inventories declined 2.5 million barrels, following the 1.2 million drop seen in the previous week and surpassing analysts' expectations for the 0.9 million fall.

Wed, 18 May 2016 15:21:12 GMT

Euro posts losses against British Pound

The Euro traded lower against the British Pound on Wednesday, reaching its lowest level since March 10. Thus, the common currency dropped 1.18% against the Sterling, trading around 0.7728 pounds by 13:35 GMT on the London Stock Exchange and following Britain's promising data released earlier today.

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