Crude oil falls after U.S inventories come out higher than expected

Crude oil fell after an Energy Department report showed a bigger-than-forecast increase in stockpiles. Supplies rose 2.32 million barrels to 329 million last week

Crude’s Pool-Position is 37% Long, meaning that most Finotec clients are selling the commodity

Crude oil fell after an Energy Department report showed a bigger-than-forecast increase in stockpiles. Supplies rose 2.32 million barrels to 329 million last week, the report showed. A 400,000 barrel gain was forecast, according to the median of 16 analyst responses in a Bloomberg news survey. Gasoline demand over the past four weeks dropped 0.5 percent to 8.64 million barrels a day, the lowest level since 2004. Total fuel demand over the period averaged 18.8 million barrels a day, down 2 percent from a year earlier. Crude oil is trading at $77.00 as of 21:35pm, GMT, with a bearish trend. Crude’s Pool-Position is 37% Long, meaning that most Finotec clients are selling the commodity.