Crude Oil Market Outlook. Feb 17th 2012

As reported by Market Leader (US)

The EIA reports that the crude oil reserves in the Gulf of Mexico have increased by 1.7M barrels. The import of oil has increased by 0,34M b/d up to 8,72M barrels a day.

 

The US dollar index is rallying up to the 3-weeks high, which is also pressing oil prices. According to MasterCard, last week’s average demand for gasoline in the USA was 8,01M barrels a day, one of the lowest levels since 2004.

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