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Stock impact report

EIA reports a weekly decline in U.S. oil output, but crude supplies climb by more than 15 million barrels [MarketWatch]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: MarketWatch
Oil futures extended earlier gains on Wednesday after the U.S. government reported a weekly decline in domestic crude production, along with an 11th straight weekly increase in crude supplies. Data from the Energy Information Administration revealed that total U.S. crude production fell by 600,000 barrels a day to 12.4 million barrels per day for the week ended April 3. U.S. crude supplies, meanwhile, rose by 15.2 million barrels last week. Analysts polled by S&P Global Platts expected the data to show a rise of 8.4 million barrels. The American Petroleum Institute on Tuesday reported a climb of 11.9 million barrels, according to sources. The EIA data showed a supply increase of 10.5 million barrels for gasoline and a climb of 476,000 barrels for distillates. The S&P Global Platts survey had shown expectations for a supply rise of 5.4 million barrels for gasoline, but distillate stockpiles were expected to fall by 500,000 barrels. May West Texas Intermediate crude was up $1.26, or 5.3 Show less Read more
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