EIA Report

Crude oil prices have continued to trade in the green this week despite the latest industry reporting showing increased stock levels. The weekly report from the Energy Information Administration was released yesterday. It showed that US… Read More

Crude Stores Drop Despite API Indication of a Build The declines in crude oil came to a halt this week as, despite an early indication of a further build by the API report, Wednesday’s EIA reports showed a drawdown in US crude stocks.… Read More

Oil prices have now broken out to levels not seen since summer 2014 and market participants are now questioning whether the move has further to go or if a correction lower is in store. So what are the forces that are driving crude oil price… Read More

Oil Falls Despite Ongoing Middle East Tension Oil prices have fallen back over recent days despite the continued tension in the Middle East as rising rig counts and higher US shale output have created downward pressure. Rig counts rose 9%… Read More