U.S. crude oil futures fell on Wednesday after the U.S. Energy Information Administration (EIA) released last week, crude oil inventories rose more than expected and four weeks for over three years, the largest increase.
The growth in crude oil inventories overshadowed the impact of gasoline and distillate stocks fell more than expected.
The EIA released last week, U.S. crude oil inventories increased by 386 million barrels a Reuters survey forecast a value of 1.4 million barrels.
Gasoline stocks fell by 367 million barrels Distillate stocks fell by 291 million barrels more than the estimated rate of decline.
Brent crude also fell in recent months, but the decline is less than U.S. crude oil futures Brent crude oil futures over U.S. crude oil futures premium rose to above $ 14 in intraday trading to $ 12.99.
New York Mercantile Exchange (NYMEX) crude oil futures contract, -5 CLK2 was down 1.53, or 1.47 percent settle at $ 102.67 a barrel in intraday trading range at 102.19-104.51 U.S. dollars an intraday low of close to 100-day moving average 101.86 dollar contracts will be Friday expiration.
Taiwan Petroleum [CHIP.UL,] chairman Zhu Shaohua an interview with Reuters, said the imposition of sanctions against Iran for the United States, Taiwan's Chinese Petroleum said change of Oman, Kuwait, Saudi-Arabia, Angola is reducing crude oil imports to Iran for Ho when complete cessation of Iran's crude oil imports did not have a timetable. [ID: nST0514241]
According to traders sources said Japan will in April of Iran's crude oil imports in January-February average 77% reduction at the same time will April Iran's crude oil imports in January-February level of daily cut nearly 250 000 barrel.