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Saudi Arabia

Weekly Crude Oil Inventories Report

Crude oil prices were able to recover initial losses this week as the latest data from the Energy Information Administration showed a larger than forecast draw in stockpiles. The EIA data for the week ending January 11th, showed US crude…

Weekly Crude Oil Inventories Report

Crude oil prices soared higher this week as a combination of factors boosted prices. Having fallen by around 40% since the high levels seen in 2018, crude oil has come under increasing attention with many market players voicing their…

Weekly Crude Oil Inventories Report

US crude oil inventories have started the year on a positive footing as the first industry data of the year has highlighted little change in stockpiles. The latest weekly report by the Energy Information Administration, covering the week…

Weekly Crude Oil Inventories Report

Crude oil extended its current sell-off to a sixth consecutive losing week this week. The increased selling came on the back of yet another reported build in US crude oil inventories. The latest data from the Energy Information…

Weekly Crude Oil Inventories Report

Crude oil extended its bearish run this week, printing a fourth losing week as the latest data from the Energy Information Administration showed US crude oil inventories rising for their sixth consecutive week. The report from the EIA…

Weekly Crude Oil Inventories Report

Crude oil prices plummeted further this week, marking their third consecutive weekly loss, with price now down around $10 from the 2018 high watermark. The catalyst for this most recent decline was the latest report by the Energy…