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EIA

EIA Crude Inventories: US Consumption Expanding?

Daniel John Grady Jun 2, 2021 475 0

Yesterday, WTI Crude prices hit a new post-pandemic high (though retraced a bit later in the session). The focus is now on the inventory data coming out tomorrow to see if there is likely to be another push higher. Alternatively, we…
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Has Oil Reached Peak Price in Recovery?

Daniel John Grady May 25, 2021 2,675 0

Tomorrow could provide some extra volatility in oil, and might even reverse the recent trend, depending on what happens. Early in the US session, we have the start of another round of negotiations around Iran's potential return to a…
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Crude Reverses On Huge Inventories Build

Orbex Mar 11, 2021 2,577 0

Oil Hits Three Year Highs Volatility in the oil market continued this week. Crude broke out to its highest level since October 2018, piercing above the 65.40 level briefly, before reversing lower. Oil prices have been rallying steadily…
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Crude Breaks Out on Huge Drawdown

Orbex Jan 7, 2021 1,718 0

Crude oil prices have started 2021 on a strong footing with prices surging higher in response to a firmly bullish report from the Energy Information Administration. Inventories Drop The EIA reported that in the week ending Friday,…
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Trading Articles

Crude Inventories Rise Most in 8 Months

Orbex Dec 10, 2020 630 0

Crude prices have been a little bit softer this week. Despite the continued improvement in risk sentiment, a bearish update from the Energy Information Administration has weighed on demand. Crude Inventories Surge In its release this…
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Trading Articles

Oil Hits a 9 Month High

Orbex Nov 26, 2020 639 0

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…
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Fundamental Analysis

Oil Rallies on EIA Drawdown

Orbex Oct 16, 2020 854 0

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…
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UK Confirms Recession. Who’s Next?

David Kindley Aug 13, 2020 1,784 0

US Dollar Weakens as Stimulus Talks Take Their Toll The US index closed 0.27% lower on Wednesday as an imminent stimulus deal faded. It is back to trading in negative territory following three consecutive daily advances. The greenback…
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Fundamental Analysis

Gold Continues Rising on Fiscal Stalemate

David Kindley Aug 6, 2020 503 0

Continued Woes Weigh On the Greenback The US index closed below 92 on Wednesday as sentiment remains negative over the contraction of the US economy. The ADP missed expectations on the number of private-sector jobs in the US. The figure…
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Fundamental Analysis

EIA Reports Biggest 2020 Inventories Drop

Orbex Jul 30, 2020 476 0

Crude Inventories Plummet The latest report from the Energy Information Administration this week offered some hope for crude bulls. The EIA reported the largest weekly crude draw of the year in the week ending July 24th. US crude…
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