Tuesday, April 22, 2014

Crude stockpiles

West Texas Intermediate crude declined from its highest closing level in seven weeks on estimates that U.S. supplies rose last week. Brent slipped as U.S. Vice President Joe Biden met with Ukrainian leaders.
Crude stockpiles in the U.S., the world’s biggest oil consumer, probably increased for the 13th time in 14 weeks, a Bloomberg News survey shows before Energy Information Administration data tomorrow. Russia and the U.S. traded blame for failing to rein in extremists in Ukraine as a diplomatic accord, reached last week to ease the crisis, neared collapse. Vice President Biden is meeting with officials in Kiev today.