Buz Investors EIA Crude Oil Stocks The commodity is trading at $54.20 per barrel at 10:40 GMT this morning, 0.37% higher from the New York close.

United States EIA Crude Oil Stocks Change increased to 1.501M

United States EIA Crude Oil Stocks Change increased to 1.501M

Buz Investors EIA Crude Oil Stocks The commodity is trading at $54.20 per barrel at 10:40 GMT this morning, 0.37% higher from the New York close.

Oil

Buz Investors EIA Crude Oil Stocks The commodity is trading at $54.20 per barrel at 10:40 GMT this morning, 0.37% higher from the New York close. Crude oil witnessed a high of $54.31 per barrel and a low of $53.77 per barrel during the session. In the New York session yesterday, crude oil rose 0.2% to close at $54.00 per barrel. Meanwhile, the API disclosed that US crude oil inventories advanced by 2.5 million barrels to 515.2 million barrels last week. Immediate downside, the first support level is seen at $53.48 per barrel, while on the upside, the first resistance level is at $54.61 per barrel.



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EIA Crude Oil Stocks

 

  API disclosed that US crude oil inventories advanced by 2.5 million barrels

Stocks of crude oil in the United States went up by 1.501 million barrels in the week ended February 24th, 2017, following a 0.564 million increase in the previous week and below market expectations of a 3.079 million rise. Gasoline stocks fell by 0.546 million, compared to expectations of a 1.789 million drop. Crude Oil Stocks Change in the United States averaged 0.11 BBL/1Million from 1982 until 2017, reaching an all time high of 14.42 BBL/1Million in October of 2016 and a record low of -15.22 BBL/1Million in January of 1999.

Stocks of crude oil refer to the weekly change of the crude oil supply situation. This page provides the latest reported value for – United States Crude Oil Stocks Change – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Crude Oil Stocks Change – actual data, historical chart and calendar of releases – was last updated on March of 2017.

 



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EIA disclosed that US crude stockpiles surprisingly declined

EIA disclosed that US crude stockpiles surprisingly declined

EIA disclosed that US crude stockpiles surprisingly declined

Oil

  • Buz Trader watching oil Stock pile slid down US crude stockpiles The commodity is trading at $45.76 per barrel at 09:40 GMT this morning, 0.26% higher from the New York close.
  • Crude oil witnessed a high of $45.88 per barrel and a low of $45.52 per barrel during the session. In the New York session yesterday,
  • crude oil rose 1.85% to close at $45.64 per barrel, after the EIA disclosed that US crude stockpiles surprisingly declined by 6.2 million barrels to 504.6 million barrels last week. Immediate downside, the first support level is seen at $45.02 per barrel, while on the upside, the first resistance level is at $46.19 per barrel.

US crude stockpiles Invesntories Slipped 

EIA disclosed that US crude stockpiles surprisingly declined

US crude stockpiles U.S. crude oil inventories fell sharply last week, the third consecutive week of unexpected declines, while gasoline stocks decreased nationwide but posted record builds on the Gulf Coast amid the shutdown of a key pipeline, data from the Energy Information Administration showed on Wednesday.

Crude inventories <USOILC=ECI> fell 6.2 million barrels in the week to Sept. 16, compared with expectations in a Reuters poll for an increase of 3.4 million barrels.

Imports to the U.S. Gulf, however, dropped sharply to 2.9 million bpd from 3.4 million bpd the previous week, close to record low rate of 2.5 million bpd hit in the week to Sept. 2 when a Tropical Storm Hermine disrupted supplies.

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Gasoline stocks <USOILG=ECI> fell 3.2 million barrels nationwide, compared with analysts’ expectations for a 567,000-barrel drop.

Meanwhile, East Coast stocks posted their largest-ever weekly decline of 8.5 million barrels, slumping to the lowest level since December, 2014 at 55.5 million barrels.

“The Colonial pipeline mess is evident in the gasoline data, which showed supplies stranded in the Gulf and drawn down in the East. We will have to see if the trends normalize next week,” said John Kilduff, partner at New York energy hedge fund Again Capital in New York.

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EIA disclosed that US crude oil inventories fell by 559,000 barrels

EIA disclosed that US crude oil inventories fell by 559,000 barrels

EIA disclosed that US crude oil inventories fell by 559,000 barrels

Oil

  • Buz Traders Tagged Watch US crude oil inventories fell The commodity is trading at $43.72 per barrel at 09:40 GMT this morning, 0.09% lower from the New York close. Crude oil witnessed a high of $43.85 per barrel and a low of $43.32 per barrel during the session.
  • In the New York session yesterday, crude oil fell 1.88% to close at $43.76 per barrel.
  • However, losses in crude prices were trimmed, after the EIA disclosed that US crude oil inventories fell by 559,000 barrels to 510.8 million barrels during the week ended 09 September 2016. Immediate downside, the first support level is seen at $42.95 per barrel, while on the upside, the first resistance level is at $44.87 per barrel.

US crude oil inventories fell US oil settles at $43.58 a barrel

EIA disclosed that US crude oil inventories fell by 559,000 barrels

US crude oil inventories fell  Oil prices fell about 2 percent on Wednesday as data showing large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles.

The U.S. Energy Information Administration reported that crude inventories fell 559,000 barrels during the week ended Sept. 9. Analysts had expected a build of 3.8 million barrels.

But the EIA also reported that inventories of distillates, which include diesel and heating oil, rose by 4.6 million barrels in the week to Sept. 9, versus analysts’ expectations of an increase of 1.5 million barrels. That build weighed on broader market sentiment, forcing crude futures to reverse gains.

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Brent crude futures were down 92 cents, or 2 percent, at 46.18 per barrel at 1:44 p.m. ET (1744 GMT). U.S. West Texas Intermediate futuresfuture fell 93 cents, or 2.1 percent, to $43.97 a barrel.

Both Brent and WTI rose briefly after the EIA reported the latest crude drawdown, which followed the previous week’s surprise decline of 14.5 million barrels. That earlier draw, the most for a week since 1999, was due to Tropical Storm Hermine delaying oil arrivals into the U.S. Gulf Coast for several days.

“So, the million-dollar question is really a 14.5 million barrel question … as in where did all those barrels go to? The market was expecting some sort of a ‘make up call’ after last week’s storm affected mega-draw,” said David Thompson, executive vice president at commodities-focused broker Powerhouse in Washington.

EIA reported that US crude oil inventories fell surprisingly by 14.5mn bls

EIA reported that US crude oil inventories fell surprisingly by 14.5mn bls

EIA reported that US crude oil inventories fell surprisingly by 14.5mn bls

Oil

  • US crude oil inventories fell The commodity is trading at $47.05 per barrel at 09:40 GMT this morning, 0.57% lower from the New York close.
  • Crude oil witnessed a high of $47.36 per barrel and a low of $46.91 per barrel during the session. In the New York session yesterday, crude oil rose 2.23% to close at $47.32 per barrel,
  • after the EIA reported that US crude oil inventories fell surprisingly by 14.5mn bls last week, the biggest drop in crude supplies since 1999. Immediate downside, the first support level is seen at $45.96 per barrel, while on the upside, the first resistance level is at $47.94 per barrel.

US crude oil inventories fell US oil settles at $47.62 a barrel

EIA reported that US crude oil inventories fell surprisingly by 14.5mn bls

US crude oil inventories fell Oil prices surged about 4 percent on Thursday after U.S. inventory data showed a surprisingly large drawdown in crude stocks as imports into the U.S. Gulf Coast slid last week due to Tropical Storm Hermine.

U.S. crude stocks dropped 14.5 million barrels last week to 511.6 million barrels, the biggest weekly drop in stockpiles since January 1999, according to the U.S. Energy Information Administration. Analysts had expected a modest increase in inventories.

Brent crude oil neared $50 a barrel for the first time in two weeks. It rose $1.98 to $49.96 a barrel, a 4.1 percent gain, by 2:36 p.m. ET. U.S. crude was up $2.11, or 4.59 percent, to $47.61 per barrel.

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Key U.S. oil spreads remained little changed after the EIA report. Tariq Zahir, spreads trader at Tyche Capital in New York, said the “drawdown may be viewed as a one-off situation.”

Gasoline futures jumped 5 percent after the data release, on higher than expected draws. Gasoline margins also rose sharply.

Oil prices drew support earlier when Chinese trade data showed crude imports in August surged nearly 25 percent from a year ago to the second-highest ever, as independent refiners took advantage of low oil prices before import quotas expire in December.

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EIA disclosed that the US crude stockpiles unexpectedly rose by 2.5 million barrels

EIA disclosed that the US crude stockpiles unexpectedly rose by 2.5 million barrels

EIA disclosed that the US crude stockpiles unexpectedly rose by 2.5 million barrels

Oil

  • US crude stockpiles unexpectedly rose The commodity is trading at $47.03 per barrel at 09:40 GMT this morning, 0.62% higher from the New York close.
  • Crude oil witnessed a high of $47.08 per barrel and a low of $46.64 per barrel during the session. In the New York session yesterday,
  • crude oil fell 1.29% to close at $46.74 per barrel, after the EIA disclosed that the US crude stockpiles unexpectedly rose by 2.5 million barrels to 523.6 million barrels during the week ended 19 August 2016. Immediate downside, the first support level is seen at $46.42 per barrel, while on the upside, the first resistance level is at $47.67 per barrel.

Oil prices fall as hopes of production freeze fade

US crude stockpiles unexpectedly rose

Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.

Global crude oil benchmark Brent was down 15 cents at $48.90 a barrel by 1043 GMT, having closed down 1.8 per cent on Wednesday. U.S. light crude oil was down 5 cents at $46.72 a barrel, after dropping 2.8 per cent on Wednesday.

Oil prices rose more than 20 per cent in the first three weeks of August on talk of a potential deal by oil exporters to freeze production levels to try to support prices.


U.S. investment bank Jefferies agreed, telling clients on Thursday that even if a freeze was agreed, “the effects on the physical market would appear to be minimal.”

“We do not expect a production freeze – let alone a production cut – from the OPEC meeting,” it said in a report.

With output near record levels from many of the top producers, and demand shaky, there seems little prospect of an end to the glut which has pulled down crude prices from over $100 a barrel in 2014 to their current sub-$50 levels.