oil report

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

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… Read More

Oil prices received an upside boost this week from the latest industry reporting which showed a further drawdown in US inventory levels. On Tuesday, the American Petroleum Institute reported a massive 11 million barrel drawdown in crude… Read More

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… 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

US Oil Inventories Continue Rising Crude oil prices fell again on Wednesday on weak demand and lingering fears of an economic slowdown, the Energy Information Administration reported for the week ending June 7. US inventories continued… Read More

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… Read More

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,… Read More