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Usa: crude stocks rise by surprise, fuels fall

According to data released by the Energy Information Administration, in the week ended August 12, crude reserves rose by 4,23 million barrels, to 353,98 million - Analysts had predicted a decline of 0,8 million barrels – Fuel stocks fell instead by 3,51 million barrels, to 210,08 million.

Usa: crude stocks rise by surprise, fuels fall

Surprises on the energy front for the United States. The world's largest economy's weekly inventories of crude oil rose against all expectations, while those of fuels recorded a stronger-than-expected decline. According to data communicated by the EIA (Energy Information Administration), in the week ending last August 12, crude oil reserves rose by 4,23 million barrels, to 353,98 million.

Analysts had predicted a decline of 0,8 million barrels. As regards fuel stocks, however, there was a decrease of 3,51 million barrels, to 210,08 million. Estimates spoke of a contraction of 1,3 million barrels. Lastly, distillate reserves increased by 2,45 million barrels, up to 153,97 million, while the expected increase was 0,4 million.

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