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oil report

OPEC Cuts Demand Forecasts

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…

EIA Reverses Geo-Related Losses

US oil started the week on bad footing on the back of China's 5% tariff on US crude. The Chinese initiated the first round of tariffs on September 1st and plan to begin the second batch on December 15. With the US stepping up their game…

Crude Rallies On Inventories Draw

Its been another frustrating week for crude traders given the initial rally in the market, and subsequent retracement lower. Oil was boosted mid-week by the latest industry reporting which showed an unexpected drawdown in US

Weekly Crude Oil Inventories Report

Crude price remained buoyant once again this week, despite the latest industry data reflecting a further rise in inventories. The weekly report from the Energy Information Administration showed that in the week ending February 15th, US…

Weekly Crude Oil Inventories Report

Crude oil prices retreated this week despite the latest industry data reporting a drawdown in inventories for the first time in two months. The Energy Information Administration report this week showed that on the week ending November 30th,…