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Stock impact report

Oil Slides As Report Shows Surprise Increase In Crude Stockpiles [Investor's Business Daily]

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
Crude plunged after an industry report showed a surprise expansion in U.S. crude stockpiles coupled with an increase in supplies at a key storage complex. Futures declined from the settlement in New York on Tuesday after the American Petroleum Institute was said to report domestic crude inventories unexpectedly rose 3.66 million barrels last week. At the same time, supplies at Cushing, Okla., increased by the most since March if Energy Information Administration data confirms it on Wednesday. Oil earlier also dropped as the dollar advanced for a fourth session. "The overall build of 3.66 million really did catch the market by surprise," said Phil Flynn, senior market analyst at Price Futures Group in Chicago. "The build in Cushing, Okla., is raising concerns that maybe demand is softening just a little bit." The U.S. bench mark crude has averaged just below $68 a barrel this month as trade tensions between the U.S. and China imperiled global energy demand. At the same time, American s Show less Read more
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