UPDATE: Crude Inventory Grows 8.9M Barrels vs 2.3M Expected
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(Updated - October 16, 2014 11:03 AM EDT)
Crude Inventory for the week ending Oct. 10th grew 8.9 million Barrels vs 2.3 million expected.
Cushing inventory increased by 716 thousand barrels.
Gasoline inventory declined 4 million barrels vs a decline of 1.35 million expected.
Distillate inventory declined by 1.5 million barrels vs 1.75 million expected.
Traders are watching energy futures and ETFs like United States Oil Fund (NYSE: USO).
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