Gasoline inventories post 2.5 million fall

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Source: WBP Online
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.

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Wed, 18 May 2016 16:49:06 GMT

Europe closes in green on Wednesday

Major European equity indices finished higher on Wednesday amid solid UK labour market data, whereas the annual inflation rate turned negative in the EU in April. Britain's FTSE 100 Index closed flat at 6,167.00, whereas Germany's DAX 30 Index added 0.5%, finishing at 9,939.50 points. Meanwhile, France's CAC 40 Index jumped 0.6%, closing at 4,324.80, and the pan-European Euro Stoxx 50 Index grew

Wed, 18 May 2016 16:16:05 GMT

Crude oil inventories increase more than expected

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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