Oil falls despite U.S. crude inventory decline
Oil prices jumped after U.S. data showed the nation’s stockpile of crude shrank by 3.6 million barrels.
View ArticleOil falls Wednesday as inventories rise
Worries about the extra crude oil sent prices down $1.20 per barrel or 3.2 percent in early trading, leaving the benchmark U.S. price at $36.67 per barrel.
View ArticleU.S. crude inventories break decades-old record after huge build
A higher-than-expected build of 7.8 million barrels for the week ending on Jan. 29 pushed inventories to 502.7 million barrels.
View ArticleInventory draw helps oil tick upward
The U.S. Energy Information Administration said that oil inventories fell by 800,000 barrels to 502 million barrels in commercial storage.
View ArticleOil inventories jump by 10.4 million barrels
The EIA report indicated another 10.4 million barrels went into commercial storage for the week ending Feb. 26. Total U.S. storage now stands at 518 million barrels.
View ArticleU.S. oil rallies on smaller than forecast storage build
The Department of Energy said inventories built by 1.32 million barrels to a total of 523.2 million barrels during the week of March 11.
View ArticleOil rallies into another inventory build
Another 2.2 million barrels of crude oil found its way into commercial storage in the week ending March 25, the U.S. Energy Information Administration reported Wednesday.
View ArticleOil inventories surge past record high
The amount of oil in U.S. commercial storage rose by 2.1 million barrels to 538.6 million barrels for the week ending April 15.
View ArticleThe record oil inventory build that never was
Yesterday’s weekly EIA inventory report showed a 14.4 million-barrel build to oil inventories, the largest since weekly records began in 1982. Here at ClipperData, we use U.S. Customs bills to report...
View ArticleMarket Currents: Groundhog Day again for oil
Yes, it’s Groundhog Day again, and that dastardly Punxsutawney Phil has seen his shadow, predicting six more weeks of winter. Fortunately, he’s no good at forecasting (unlike the woolly worm), hence...
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