oil inventories

The latest report from the Energy Information Administration this week made for very bearish reading. The report, covering the week ending September 20th, showed that US crude inventories jumped a further 2.4 million barrels. They… Read More

Crude Stores Rise The latest report from the Energy Information Administration showed an unexpected build in US crude stores. The EIA report showed that in the week ending September 13th, US crude store rose by 1.1 million barrels. This… Read More

Crude has been knocked lower this week as worsening global conditions and a series of forecast downgrades have trumped the latest moves in inventories data. On Tuesday, the American Petroleum Institute reported a 7.23 million barrel… Read More

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%… Read More

Fifth Weekly Drawdown Frustratingly for oil bulls, crude showed a rather subdued reaction to yesterday’s weekly Energy Information Administration report. The results showed a further drawdown in US crude stores. Covering the week ending… Read More

Oil prices surged higher yesterday in response to the latest report reflecting a further drawdown in US crude stores. Oil prices initially began to move higher on Tuesday in response to the weekly report from the API. The API report… Read More

Third Straight Weekly Fall in US Crude Stores Crude prices have softened a little today following an initial rally yesterday. This was in response to the latest industry report which showed a further drawdown in US crude stores. The Energy… Read More

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.… Read More

Following a recent string of supply inventory surpluses which have weighed on price, crude was higher yesterday after news of a larger than expected drawdown. The latest report from the Energy Information Administration showed that in… Read More

Smaller Than Expected Drawdown Crude oil prices crashed lower again this week as the latest report from the Energy Information Administration showed that US crude stocks fell less than expected last week. The EIA report showed a fall of… Read More