US: EIA Crude Oil Stocks drop -1.314M in Mar-15 week

FXstreet.com (Barcelona) - In the week ending at March 15, crude oil stocks in the US dropped by -1.314M following a 2.624M rise in the prior month, according to EIA.

Mar 20, 2013

US EIA Crude Oil Stocks change: -1.314M in Mar 15 from 2.624M

Commodities Brief – Previous metals trade lower ahead of FOMC, crude falls below 93.00

The price of gold has edged lower, though is still holding onto the 1610 level Wednesday ahead of the FOMC minutes later today at 18:00 GMT. While the overall message is expected to contain more of the same – i.e. a continuation of the stimulus measures to buoy the economy, the yellow metal seems to be trading in a narrow range, refusing to break in either direction. In these moments the price of gold has settled at USD $1609.80 per oz. during American trading.