The Market Oracle
EIA Weekly Report and Crude Oil
The Market Oracle
Although the EIA weekly report showed a larger-than-expected decline in crude oil inventories, the price of the commodity declined sharply after news that U.S. crude oil production increased. Thanks to these circumstances, light crude lost 1.62% and ...
'Crude' Impact: Why OPEC's Antics, China And US Shale Won't Let Oil Escape $45-55 Range
U.S. oil inventories posted a slide, and rig counts stateside first stopped rising and then fell by single digits. Technical analysts also spoke of a breakout. However, then came a couple of crude bombshells. It's an open secret that compliance with 1 ...
MABUX: Irregular changes may prevail on global bunker market next week
Oil set for third weekly drop as rising US output blunts cuts
Oil Prices Climb As Oil Rig Count Drops
Prices fell on Friday despite the Energy Information Administration's Wednesday report that the United States' crude oil inventory had fallen by 8.9 million barrels of inventory—after last week's report of a 6.5-million-barrel decline. Thursday's ...
EIA Reports Record Weekly Inventory Drawdown, But Oil Falls As Tug-Of-War Continues--Who Is Right?
The EIA reported a massive -8.9 MMbbl crude oil drawdown in its Wednesday Petroleum Status Report, but oil fell nearly 2% due to fears over rising domestic production. I discuss a disconnect between observed inventories and individual supply/demand ...
Oil Prices Rise As API Reports Huge Crude Inventory Draw
Oil prices settle lower as US output hits 2-year high
Will US Crude Oil and Gasoline Inventories Support Oil Prices?
Strong Crude Inventory Draws Keep Markets On Edge
Nonetheless, as the latest revisions to the IEA oil market report illustrate, firm demand is not going to be enough to spur on inventory draws in the coming quarters - after the IEA just found an additional 230 million barrels of storage which will ...
US Crude Oil Futures Are near 3-Week Low: What's Next?
... its crude oil and gasoline inventory report on August 15, 2017. It reported that US crude oil inventories fell by 9.2 MMbbls (million barrels) from August 4 to August 11, 2017, which was the biggest draw since September 2016. The fall in ...
Oil Prices Fall To 3-Week Lows On Flurry Of Bearish News
Oil prices move lower on seasonal pressures
It could take years to clear a global crude oil glut
API Reports Major Crude Inventory Draw, Surprise Gasoline Build
The American Petroleum Institute (API) reported a major draw of 7.839 million barrels in United States crude oil inventories, compared to analyst expectations of a modest draw of 2.272 million barrels for the week ending August 4. Gasoline inventories ...
EIA reports crude oil inventories fell 6.5 million barrels last week
Oil inches higher after data points to declining US inventories
Oil Markets Sell Off After EIA Reports Massive Crude Draw
API says US crude-oil stocks up 1.8 million barrels: reports
The American Petroleum Institute on Tuesday said U.S. crude oil inventories rose 1.8 million barrels last week, according to news reports. The trade group saw a 4.8 million barrel decline in gasoline stocks and a 1.2 million barrel fall in distillate ...
Oil Prices Slammed After API Reports Surprise Build In Crude Inventories
The American Petroleum Institute (API) reported a surprise build of 1.779 million barrels in United States crude oil inventories, compared to S&P Global Platts survey of analysts who expected a draw of 2.8 million barrels for the week ending July 21.
Will Crude Oil Inventories Pressure Oil Futures?
Crude oil prices ease in Asia after API reports build, EIA data ahead
Oil ends 6-day win streak on renewed glut fears
Will US Crude Oil Inventories Extend Oil's Gains?
Prices rose due to the API's (American Petroleum Institute) bullish crude oil inventory report. Prices are near seven-week highs. Higher crude oil prices have a positive impact on oil producers like Chevron (CVX), SM Energy (SM), and Goodrich Petroleum ...
Oil Prices Leap Higher After API Reports Huge Crude Draw
US crude oil, gasoline stocks fall sharply: EIA
EIA Reports Crude Oil Inventories Fell 7.2 Million Barrels, WTI Oil Price Hits 7-Week Highs