Browsing Tag

EIA

Oil Rallies On EIA Inventories Drop

Crude Inventories Fall Crude oil prices have been firmly higher this week, lifted mainly by the ongoing improvement in risk appetite. Price was also helped by the latest report from the Energy Information Administration. The EIA…

Oil Rallies On EIA Drawdown News

Risk On Mode Helping Oil Crude prices have been helped higher again this week by the continued improvement in risk appetite. Markets are focusing more on more on incoming vaccine news. This week Pfizer and Moderna announced both have…

Oil Hits a 9 Month High

Oil Boosted By Better Risk Sentiment Crude prices have enjoyed a strong rally this week with the market breaking out to its highest level since March in response to the ongoing pickup in risk markets. Traders are encouraged by the recent…

Oil Rallies on EIA Drawdown

Inventories Fall Across The Board Crude oil prices have been a little firmer this week, underpinned by a bullish report from the Energy Information Administration. The EIA reported that in the week ending October 9th, US crude oil…