Wed, 30 Oct 2013 16:39:03 GMT
U.S. oil inventories surge much faster than forecasted
According to the new weekly data from the U.S. Energy Ministry, oil inventories in the country jumped 4.1 million barrels during the last week, which ended on October 25. Analysts forecasted a much lower increase in inventories of 1.9 million barrels. At the same time, a rise in inventories slowed from the previous week. Following the data release, WTI price