Crude oil inventories

Crude oil extended its current sell-off to a sixth consecutive losing week this week. The increased selling came on the back of yet another reported build in US crude oil inventories. The latest data from the Energy Information… Read More

API Reports Crude Build Up After surging to fresh seven-year highs last week, crude oil prices have since turned lower this week as a combination of factors including unexpected builds in crude oil inventories, increased OPEC supply,… Read More

Crude oil prices rose further this week, trading up to fresh seven-year highs, before retracing slightly in response to developments with Saudi Arabian output and the latest US inventory data. Speaking mid-week, Khalid al-Falih, the… Read More

Crude oil prices were higher this week as the latest data from the Energy Information Administration showed that US crude oil inventories fell for a fifth week last week, dropping 2.1 million barrels to 394.1 million barrels per day for the… Read More

The latest report from the Energy Information Administration showed that US crude oil inventories last week fell back to their lowest levels since 2015. In the week ending August 31st, commercial US crude stocks shrank by 4.3 million… Read More