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👤Lisa Harris
🕔October 12, 2016
The International Energy Agency in its last data release outlined the scale of the challenge currently being faced by OPEC in their quest to raise oil prices, after the organization’s production reached a record high level in the month of September and demand growth for oil remained weak.…
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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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👤Nurudeen Amedu
🕔September 14, 2016
The most recent release coming from the American Petroleum Institute (API) weekly inventory data reported a rise of 1.4 million barrels for last week. On the trail of a huge 12.1 million barrel draw in the week before, market analysts had forecasted a larger rise of over 4 million barrels.…
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👤Nurudeen Amedu
🕔September 10, 2016
Canadian employment figures came in stronger than the anticipated increase of 21,600, as it posted a higher growth of 26,200 for the month of August on the trail of a slump of 31,200 in the previous month. There will however be near term uncertainty concerning the underlying labor market trends.…
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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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US Stocks Vibrate
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👤Arthur Greene
🕔July 28, 2016
Stocks in the US bounced between small profits and losses early today surrounded by earnings reports and mixed US economic data that showed a rise in the number of people who applied for unemployment benefits last week, this number was already at historical lows prior to the rise, the data also shows the US trade gap expanding in June to $63.3 billion as imports grew faster than exports as retail inventories soared and wholesale inventories stayed the same.…
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