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Inventories Rise (14th Consecutive Week) Crude oil prices initially fell lower at the start of the week. However, prices posted a recovery midweek as the latest data from the EIA was not as bad as expected. The Energy Information…

Inventories Rise Again Crude prices were heavily lower on Wednesday as the latest report from the Energy Information Administration showed a further rise in US crude stores. The reaction to the news was particularly heavy. This is because…

Turbulent Times It’s been another volatile week for the crude market as traders have seen strong moves in both directions. The market was buoyed earlier in the week by some unexpected news. Some of the goods due to be hit by new 10%…

Inventories Fall Again Oil prices traded higher again yesterday in response to the latest industry reporting which showed a further drawdown in US crude stores last week. The API report on Tuesday indicated such movement in inventories.…

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…

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.…

The rally in crude oil prices this week was capped as the latest industry report highlighted a build in crude oil stockpiles. The Energy Information Administration report for the week ending March 22nd showed that US crude inventories rose…

Disappointingly for bulls, crude oil prices were softer this week as the latest industry data showed yet another build in inventories. The latest Energy Information Administration report indicated that US crude stockpiles rose 1.3…

Crude Stocks Fall For Third Consecutive Week Crude oil was sharply lower once again this week despite the latest industry data which showed a build in US crude inventories. The latest report from the Energy Information Administration,…

Brent and WTI Crude oil have recovered most of their recent losses, turning positive on the year once again. The main reason behind the recovery is the latest announcement by Saudi Arabia, saying that they will propose to extend the…