Oil Prices Rise, Despite Build.
Crude Oil Prices Respond to Inventory Fluctuations, Shipping Challenges, Production Estimates. Crude oil prices witnessed a surge today following the Energy Information Administration’s (EIA) report, revealing a significant inventory increase of 5.5 million barrels for the week ending February 2. This notable uptick contrasts with the prior week’s build of 1.2 million barrels, which had […]
Crude Oil Prices Push Higher after Inventory Draw
Today’s EIA Report Shows 2.5 Million Barrel Decline. Crude oil prices saw a modest uptick today as the U.S. Energy Information Administration reported a decline of 2.5 million barrels in estimated inventory for the week ending January 12. This marks a departure from the previous week, which witnessed a moderate build of 1.3 million barrels, […]
Large Crude Draw, Overshadowed by Huge Product Build.
Today, crude oil prices declined as the Energy Information Administration reported substantial fuel inventory builds for the week ending December 29. Crude Drops for Second Straight Week to End 2023 In crude oil, the authority estimated a notable inventory decline of 5.5 million barrels for the final week of 2023. This marked a departure from […]
Energy Stocks see draw across the board in today’s EIA Report.
The U.S. Energy Information Administration (EIA) reported a decline of 1.5 million barrels in the estimated inventory for the week ending July 1. This decline contrasts with the substantial drawdown of 9.6 million barrels in the previous week, which temporarily pushed prices higher. According to the EIA, U.S. crude oil inventories stood at 452.2 million […]
EIA Energy Stocks Report
Draw Confirmed by todays EIA report, Crude Prices See Upside. EIA Energy Stocks API Estimates (6/27/23) Crude: -2.408M Gasoline: -2.85M Distillates: +0.777M Today’s EIA report shows an inventory draw of 9.6 million barrels for the week ending on June 23, causing crude oil prices to move higher. In comparison, the previous week saw an inventory […]
HUGE Draw Moves Oil Markets
EIA Report Shows Large Draws in Crude Oil, Gasoline, SPR. The U.S. Energy Information Administration estimated that inventories in the country had shed 12.5 million barrels in the week to May 19. This comes a day after the American Petroleum Institute estimated a sizable decrease in crude oil inventories in the U.S. Fears of a […]
EIA Shows Another Build in Crude
U.S. Energy Information Administration reported an inventory build of 5 million barrels for the week to May 12, causing crude oil prices to move lower today. The EIA stated that crude oil inventories currently stand at 467.6 million barrels, slightly below the five-year average for this time of the year. One day earlier, the American […]
EIA: Crude Inventories See Major Decline, After Last Weeks Unexpected Build.
Energy Information Administration report a draw of 4.6 million barrels in crude oil inventories, as opposed to a modest build of 600,000 barrels the previous week. The week before that had witnessed a substantial draw of 3.7 million barrels, as estimated by the EIA. The EIA also estimated mixed changes in inventories for the week […]
EIA Reports Crude Inventories are Up Again
Crude Sees Another Build in Todays EIA Report. Crude Inventories 🔺up 7.6M Gasoline 🔽 down 1.9M Distillates 🔺up 2.7M Ethanol 🔽up 11M SBR ⛔ No Change The U.S. Energy Information Administration (EIA) report a crude oil inventory build of 7.6 million barrels for the week to February 17, causing crude […]
EIA Report: MASSIVE Crude Build
MASSIVE Build for Crude in EIA report. Crude Oil Inventory Build 16,283,000 barrels 🔻 Gasoline Inventory Build of 2,316,000 barrels 🔻 Distillates Inventory Decline of 1,300,000 barrels ✅ Ethanol Inventory Build of 922,000 barrels 🔻 Strategic Petroleum Reserve inventory NC EIA report released today showed a huge increase far outpacing the estimated build. Crude Inventory The week ending February 10 saw the […]
