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Crude Supplies Climb From 82-Year High in Survey: Energy Markets

2013-05-07 11:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: U.S. crude inventories probably rose from a 82-year high as domestic output remained near the most in two decades and demand fell, a Bloomberg survey showed. Stockpiles grew by 2 million barrels, or 0.5 percent, to 397.3 million, the most since 1931, according to the median of 11 analyst estimates before an Energy Information Administration report tomorrow. Ten respondents forecast an increase and one no change in the inventories. U.S. oil production, which climbed to the highest level since...

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