Global NEWS: Crude oil inventories in the U.S fall for the first time in ten weeks

After nine consecutive uptrend weeks, crude oil inventories in the United States recorded its first decline since last January 5th. The immediate reaction of investors has been to bet on sales, after confirming the decline which started yesterday by the industrial sector.
Specifically, according to figures announced today by the Energy Information Agency (EIA) of the US Government, Uncle Sam’s oil reserves fell by 237,000 barrels to a total of 528.2 million during the week of March 9.
This increase is lower than the 531,000 barrels decline in the early afternoon yesterday stated by the American Petroleum Institute (API), but it is far below the market expectations, which predicted a rise of 3.713 million barrels.
In addition, Gasoline inventories recorded a further drop of 3.055 million barrels, less than the contraction of 6.555 million barrels published the previous week, but higher than the decline of 1.95 million barrels expected by the experts.
Similarly, the distillates’ products reserves shrank by 4.229 million barrels, more than the 1.663 million barrels drop forecasted by the market and the drop in 2.676 million barrels yield on the previous week.
By contrast, stocks in the Cushing, Oklahoma storage center, which is the delivery point for future contracts, recorded an increase of 2.13 million barrels.
The future outcome about US light crude oil received data around the $ 51.95, and responded with its first downward movement to $ 48.50 in its highest levels.
For its part, the Brent barrel also decanted from sales, with a raise that went from 55.44, to $ 51.73.