Browsing Tag

Crude oil inventories

Oil Market Collapse Continues

Inventories Rise Again The latest report from the Energy Information Administration highlights the growing supply/demand imbalance affecting the crude oil market. The EIA report showed that in the week ending March 13th, US crude stores…

Crude Lifted By Bullish EIA Report

Less Than Expected Inventories Build Crude prices posted a small recovery yesterday in response to the latest report from the Energy Information Administration. The EIA reported that in the week ending February 21st, US crude stores were…

Crude Down Despite Inventories Draw

The latest report from the Energy Information Administration has added further downside pressure for crude prices this week. The EIA update showed that US crude inventories fell by 400k barrels last week. News of a drawdown is…

Weekly Crude Oil Inventories Report

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…

Weekly Crude Oil Inventories Report

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,…