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EIA Release Shows Decline in Crude Inventories
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👤Arthur Greene
🕔September 14, 2016
The EIA released data showing that US Crude inventories fell by 600,000 barrels last week to stand at 510.8 million barrels, the Energy Information Administration further added that the crude inventories in spite of the decline is still at an unconventionally high level.…
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👤Lisa Harris
🕔September 1, 2016
Crude oil is getting hammered after the latest inventory data from the Department of Energy showed a larger than expected build in crude oil stocks. West Texas Intermediate crude oil is lower by 3.7% almost at $44.60 per barrel, and is trading at its lowest level since August 15.…
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👤Arthur Greene
🕔August 24, 2016
Crude oil prices today extended its losses after a very shocking rise in US crude stocks that raised worries concerning the supply glut that has had prices pinned down for the last 2 years. A 2.5 million barrels rise in crude stockpiles to a total of about 523 million barrels was reported in the week through August 19 as the report showed a slump in refinery inputs and gasoline production weakened.…
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👤Lisa Harris
🕔August 20, 2016
- US demand for gasoline at fresh record highs
- EIA reports a drop in US crude stock
Inventory data released by the US Energy department last week revealed a major slump in US Crude stockpiles. The release also showed a further decline in gasoline inventories as they dropped from the level reported in the previous week, with a surprising soar in distillate stocks.…
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👤Isaac Ndegwa
🕔August 19, 2016
Oil prices rose further for a sixth consecutive day with the Brent crude prices touching levels above $50 for the first time in over a month and a half. The price jumps have been experienced as information emerged pointing towards a meeting between some of the biggest world crude oil producers.…
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👤Arthur Greene
🕔August 10, 2016
US Stocks plummeted today, driven down by energy shares as oil prices were also in descent. The Dow Jones Industrial Average fell 23 points lower to settle at 18510. The S&P 500 also dropped by 0.2%, and a 0.4% slide was witnessed in the Nasdaq.…
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