U.S. crude oil inventories shed an impressive 10.6 million barrels in the week to July 24, the Energy Information Administration reported today. This compares with a build of 4.9 million Continue Reading
Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain. The EIA reported Continue Reading
Highlights Bal-20 curve up 18%, or 32 cents, from late-June low Power burn, industrial recovery support demand Lower injection demand eases US storage surplus Balance-2020 forwards prices at the Henry Continue Reading
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 6.829 million barrels for the week ending July 24. Analysts had predicted a modest inventory Continue Reading
Oil edged higher as U.S. crude stockpiles were set to have fallen last week, while the dollar slid again. Futures in New York rose 1.1%. U.S. inventories fell by 6.83 million Continue Reading
Oil prices climbed on Wednesday after a surprise drop in U.S. crude inventories was enough to offset concerns about U.S. fuel demand amid record increases in COVID-19 infections in some Continue Reading
Oil prices fell on Tuesday as U.S. lawmakers prepared to wrangle over an economic stimulus package and investors worried about a rise in coronavirus cases worldwide. Brent crude futures fell Continue Reading
Crude oil futures were steady to higher during mid-morning trade in Asia July 28 as a weaker US dollar boosted risk appetites and provide support for the global crude complex. Continue Reading
Oil edged lower on signs that market fundamentals are getting shakier, though there was broader support from the recent slide in the dollar. Futures in New York declined toward $41 a Continue Reading
Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus cases across the globe. Brent Continue Reading
