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Stock impact report

Crude Futures Settle Higher After Massive Drawdown In Inventories [Seeking Alpha]

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: Seeking Alpha
Crude futures settled higher on Wednesday, as concerns over rising levels of U.S. crude oil inventories abated, after the Energy Information Administration (EIA) reported U.S. crude inventories fell more than expected. On the New York Mercantile Exchange crude futures for June delivery gained 6 cents to settle at $49.62 a barrel, while on London's Intercontinental Exchange, Brent lost 13 cents to trade at 51.97 a barrel. Crude prices soared above $50 a barrel, but pared gains later during the session, as investors weighed the rise in production against the larger than expected drawdown in U.S. crude inventories. For the week ending April 19, The EIA said that crude oil inventories fell by 3.641 million, which confounded expectations of a draw of only 1.661 million barrels. Meanwhile, gasoline inventories grew by 3.369 million against expectations for a drop of 1.020 million barrels while distillate stockpiles rose by 2.651 million barrels, compared to expectat Show less Read more
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