Why Oil Prices Aren't Going Anywhere
The most recent report on the U.S. oil market offers a mix of data, providing ammunition for both oil bulls and bears alike. One can find whatever they want in the data. Looking for signs that the oil market is moving toward balance? There's a strong ...
US crude tumbles 2.5%, settling below $46, after report of rising OPEC oil output
The two cartel members are exempt from an agreement among major oil producers to cut output through March in a bid to shrink global crude inventories and support commodity prices. OPEC and oil exporters, including Russia, have agreed to remove 1.8 ...
Commodities Are Mixed in the Early Hours on July 21
Is the Market About to Have a Freak-Out Moment After Multiple Oil Inventory Draws?
OPEC supply pushes oil price down for the week
Oil rises 1.6% to 6-week high, closing at $47.12, after big drop in US crude, gas stockpiles
Oil prices jumped more than 1 percent on Wednesday after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories. The Energy Information Administration (EIA) said U.S ...
Oil closes at 6-week high as US inventories fall
US Crude Oil Inventories Could Fall below the 5-Year Average
Oil Climbs as US Crude and Gasoline Supplies Keep Shrinking
API Reports Surprise Build In Crude Inventories
Crude prices were up on Tuesday afternoon on expectations that the United States would see a drop in inventories for a third week running and reports that Saudi Arabia is considering further oil export cuts to the tune of 1 million barrels per day in ...
API's Crude Oil Inventories Could Support Crude Oil
Oil falls as sources say API data show unexpected climb in US crude supply
Crude Oil Price Analysis for July 19, 2017
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Crude Oil Price Rises Ahead of Inventory Report as Dollar Falls
24/7 Wall St.
On Wednesday the U.S. Energy Information Administration (EIA) will report the status of the country's commercial inventories of crude oil and refined petroleum products. Oil traders are behaving Tuesday as if the party that started with rising prices ...
Oil rises 1%, settling at $45.49, after bigger-than-expected drop in US crude stockpiles
Crude inventories fell by 7.6 million barrels in the last week, compared with analysts' expectations for an decrease of 2.9 million barrels. U.S. oil production ticked up by 59,000 barrels a day to nearly 9.4 million barrels a day. OPEC said its oil ...
Oil rises as US crude stocks drop by more than expected
Oil Prices Find Support As API Reports Massive Crude Draw
Analyzing US Crude Oil Inventories and Production
Oil rises 2.5 percent after surprisingly large US crude stock draw
NEW YORK (Reuters) - Oil prices climbed more than 2.5 percent on Tuesday along with rising heating oil futures on reports showing cuts in U.S. oil production and declines in U.S. crude and European product stockpiles. U.S. crude stocks plunged almost ...
Crude Oil Price Analysis for July 10, 2017
Non-Opec output continues to restrict crude oil gains
Oil jumps almost 2 pct after European storage data
Massive Fall in US Crude Oil Inventories Supports Oil Prices
On July 5, 2017, the API (American Petroleum Institute) released its weekly crude oil inventory report. It estimated that US crude oil inventories fell by 5.7 MMbbls on June 23—June 30, 2017. According to the API, US crude oil inventories have fallen ...
API Reports A Larger Than Expected Crude Draw
The American Petroleum Institute (API) handed oil markets a sliver of hope this afternoon by reporting a sizeable draw of 5.764 million barrels in United States crude oil inventories, compared to analyst's expectations that this week would see a more ...
US crude oil, gasoline inventories slump: EIA
WTI oil futures surge past $46 after massive crude inventory draw
Oil Price Fundamental Daily Forecast – Steady after API Reports Bigger-than-Expected Draw
Why Traders Are Tracking the API's Crude Oil Inventories
The EIA (U.S. Energy Information Administration) will release its weekly crude oil inventory at 10:30 AM EST on July 6, 2017. The EIA usually releases the report on Wednesday. However, the US Independence Day holiday on July 4, 2017, led to the change.