ENP Newswire -
Release date- 22052014 - A larger than expected draw on crude sent crude oil futures above
Gasoline supplies climbed by 1m barrels, more than the expected rise of 150,000 barrels.
Distillate stockpiles, which include heating oil, rose by 3.4m barrels, data from the EIA showed.
They were expected to fall by 250,000 barrels. The unexpectedly large draw on crude supplies pushed futures higher on hopes of stronger than expected demand for oil products.
Oil traders also kept an eye on the latest minutes from the Federal Reserve's latest meeting for any indication on the outlook for energy demand. The minutes said Fed officials looked at several ways of tightening of monetary policy but no decisions were made on which approach should be used. European benchmark, Brent crude futures rose
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