Oil Jumps to 2-Year High on Inventory Drop, Keystone Closure
The U.S. Energy Department's inventory release showed that crude stockpiles recorded a lower-than-expected weekly draw. On a further bearish note, the report revealed that refined product inventories, gasoline and distillate, both rose slightly from ...
EIA Weekly Surprises: Why?
This week's inventory report showed unchanged total oil inventories, but I expect the reason to prove ephemeral. U.S. exports to Asia will have to rise. After the American Petroleum Institute (API) last night reported a draw of 6.4 million barrels in ...
Oil Prices Unmoved By Bullish EIA Report
Refineries operated at 91.3 percent of capacity, processing 16.8 million barrels of crude daily, versus 16.6 million bpd a week earlier. In addition to doubts about the OPEC oil deal extension, this week WTI received support from Canada: the closure of ...
Does the Inventory Spread Hint at More Upside for Oil?
FxWirePro: Key charts explaining crude oil inventories and production report of EIA
UPDATE 1-US crude inventories fall; big draw at Cushing hub
Permian DUC Wells Surge With Massive Implications For WTI Oil ...
The number of Drilled But Uncompleted (DUC) wells in the Permian has surged over 114% the past 12 months. Permian DUC wells now total a record 2,533 wells at the end of October (34.5% of the 7,342 total DUC wells). A great majority of the Permian DUC ...
US Crude Oil Futures Hit July 2015 Highs
January US crude oil (UWT) (USO) futures contracts rose 1.5% to $57.66 per barrel in electronic trading at 1:08 AM EST on November 22, 2017. It's the highest level since July 2015. Prices rose due to the API's (American Petroleum Institute) bullish ...
Oil Prices Rise After API Reports Major Crude Draw
Any large build in US crude oil and perhaps even gasoline inventories will likely pressure the cartel to do more “whatever it takes” to keep oil prices from tanking on oversupply fears. This week's news of a big draw for crude oil might be good news ...
US Crude Oil Production Could Hit a Record
US crude extends rally to $58, first time since 2015
Crude Oil Reaches Two-year High
Analyzing US Crude Oil and Gasoline Inventories
US crude oil (USO) (UCO) futures contracts for December delivery fell 1.1% to $55.07 per barrel in electronic exchange at 1:15 AM EST on November 15, 2017. Prices fell due to API's (American Petroleum Institute) bearish crude oil inventory report. The ...
Oil Prices Tank After API Reports Strong Build In Crude Inventories
US crude oil stocks soar 6.5 million bbls in unexpected build: API
Crude Oil Prices Eye Inventory Data After Largest Drop in 2 Months
OPEC's Monthly Oil Report: Positive or Negative for Crude Oil?
OPEC also highlighted that global crude oil demand is expected to grow by 1.51 MMbpd to 98.45 MMbpd in 2018, which is 130,000 bpd higher than previous estimates. OPEC thinks that global economic growth could rise to 3.7% in 2018. Previously, it ...
Iran's Crude Oil Price Up 4.5%
Crude Oil and Gasoline Inventories Could Impact Crude Oil Futures
December US crude oil (DWT) (DBO) futures contracts fell 0.56% to $56.88 per barrel in electronic trade at 1:10 AM EST on November 8, 2017. Prices fell due to profit-booking—they were trading near a 30-month high. Higher oil prices benefit energy ...
API Reports Yet Another Crude Inventory Draw
Crude Oil Steady After API Inventories Report
Crude Oil Price Analysis for November 9, 2017
US Crude Oil Inventories and Production Impact Crude Oil Prices
The API (American Petroleum Institute) will release its crude oil inventory report on October 31, 2017. The market expects that US crude oil inventories could have fallen by 2.5 MMbbls (million barrels) on October 20–27, 2017. A bigger-than-expected ...
Oil Prices Fly Higher On EIA Report
Oil Little Changed as Storage Drawdown Fails to Impress Traders
Crude Oil Price Drops on Lower Inventories, Booming Crude Exports