Crude prices rose Wednesday, despite EIA........>

OIL: Crude prices rose Wednesday, despite EIA inventory data showing a crude

stock increase of 5.89 million barrels in the latest week. Analysts warned that

data will be skewed for weeks to come.

- In its Short-Term Energy Outlook, released Tuesday, the EIA stated: "EIA

expects much of the reduction in refinery production of petroleum products to be

offset by a decline in petroleum product net exports."

- The EIA looked for net petroleum product exports to average 1.1 million b/d in

September, which is down from an average of 2.9 million b/d during the first

eight months of 2017.

- "A reduction in net exports can either come from a decrease in exports or an

increase in imports," the EIA said.

- "Additionally, the reduction in production of petroleum products could

contribute to larger-than-typical inventory draws for September," the report

said.