Crude Oil Prices Weekly Forecast May 1-5
In addition to price action in the second half of the week indicating some weakness, the reaction to the weekly EIA inventories report also indicated a lack of buying pressure near the important support confluence. The Energy Information Administration ...
EIA: Big Drawdown In US Crude Oil Inventories
"The report was somewhat supportive for prices, due to the overall crude oil inventory drawdown resulting from a further rise in the refinery utilization rate and large upward spike in crude oil exports," said John Kilduff, partner at energy hedge fund ...
EIA Takes Markets By Surprise, Reports Major Crude Oil Inventory Draw
Amid growing pessimism regarding an extension of OPEC's oil production deal, and a day after the American Petroleum Institute reported an estimated increase of 897,000 barrels in U.S. commercial inventories, the EIA reversed the mood with a draw of 3.6 ...
Oil settles slightly higher, then API reports surprise build
EIA's Crude Oil Inventories Could Help Crude Oil Futures Recover
Here's the bad news in that bullish US crude stockpile report
Cushing Crude Oil Inventories Fell from an All-Time High
Market surveys estimate that Cushing crude oil inventories rose on April 14–21, 2017. A rise in crude oil inventories at Cushing could pressure US crude oil (DIG) (XES) (BNO) prices. Lower crude oil prices will have a negative impact on crude oil ...
Gasoline Inventories Overshadow Crude Inventory Draw
US crude stocks draw down, products build amid record refining: EIA
U.S. Crude-Oil Stocks Seen Decreasing in DOE Data -- Update
Crude Oil Prices Weekly Forecast April 24-28
The neckline of the pattern at $51.66 broke on Monday and measured move targets were hit on Wednesday, shortly after the EIA weekly inventories report. In most cases, at least a bounce is seen after completion of a head and shoulders pattern but oil ...
Oil suffers suffer largest one-day loss in six weeks
“A draw in crude oil inventory was ultimately washed by a surprise build in gasoline,” said John Macaluso, an analyst at Tyche Capital Advisors. “Ahead of summer ... The EIA report showed a weekly rise of 17,000 barrels a day in total U.S. crude ...
Near-Record US Crude Oil Inventories Impact Oil Prices
Oil slides more after US settlement on API inventory report
Crude Oil Falls After Smaller-Than-Expected US Inventory Drop
Crude Oil Prices Drop Despite Inventory Draw, Trump Boosts Gold
Crude oil prices succumb to broad-based risk aversion despite inventory drawdown, gold prices surge as Donald Trump talks down the US Dollar.
US crude oil inventories register largest weekly drop this year
The EIA this week forecast that US crude oil production would rebound by 3.9 per cent this year to 9.22m b/d, and climb another 7.4 per cent to 9.9m b/d next year — an all-time high. Opec said in its own monthly report on Wednesday that it now sees US ...
Cushing Crude Oil Inventories Hit a New Record
Oil Prices Pull Higher After API Reports Draws Across The Board
EIA Reports Crude Oil Inventories Decline 2.2 Million Barrels, Profit Taking Hits WTI Oil Price
API Says US Crude Oil Inventories Fell 1.8 Million Barrels: Reports
The American Petroleum Institute, an industry trade group, on Tuesday said U.S. crude oil inventories fell by 1.8 million barrels last week, according to news reports. The data comes ahead of a closely watched weekly inventory report from the Energy ...
EIA's Crude Oil Inventories Could Support Oil Prices This Week
Oil Prices Rise After API Reports Crude, Gasoline Draw
Crude Oil Rally Fades On Another EIA Inventories Build
Record US Crude Oil Inventories Could Impact the Oil Market
On April 4, 2017, the API (American Petroleum Institute) will release its weekly crude oil inventory report. A market survey estimates that US crude oil inventories could have fallen by 0.5 MMbbls from March 24–31, 2017. A fall in crude oil inventories ...
Oil Traders Are Looking at the Wrong Inventory Data
Oil rises, near one-month high; US crude stocks seen down
WTI Crude Oil Price Analysis for April 4, 2017