Crude Oil Price Jumps on Bullish Inventory Report
U.S. commercial crude oil stockpiles unexpectedly dropped last week, pushing the price of crude higher following the EIA inventory report.
U.S. commercial crude oil stockpiles unexpectedly dropped last week, pushing the price of crude higher following the EIA inventory report.
The U.S. crude oil stockpile grew less than expected this week, but gasoline inventories rose more than expected and exports jumped by 500,000 barrels a day.
The U.S. Energy Information Administration reported Wednesday that stockpiles of crude oil, gasoline, and distillates like diesel fuel and heating oil rose sharply last week.
U.S. commercial crude oil inventories increased by more than 6 million barrels last week as production continues to rise, more than offsetting increases in exports of both crude oil and refined products.
Even though U.S. crude oil declined by a smaller-than-expected amount, prices rose to more than $65 a barrel for WTI.
The U.S. crude oil inventory dipped by nearly 7 million barrels last week, but gasoline inventories, crude oil production and both crude oil and refined product exports rose sharply.
U.S. commercial crude oil inventories dropped by nearly 5 million barrels last week, but gains in both gasoline and distillates nearly offset the drop.
The U.S. crude oil stockpile fell again last week, but refineries were running at nearly 97% of capacity and stockpiles of gasoline, diesel, and heating oil soared.
The U.S. crude oil inventory fell more than expected last week as did the gasoline stockpiles. But sharply colder weather over the next week is expected to reduce consumption and a North…
U.S. crude oil inventories fell by more than 6 million barrels last week while export levels of crude and refined products rose sharply.
The U.S. Energy Information Administration reported a drop of more than 5 million barrels in the nation's crude oil stockpile. U.S. crude inventories have moved into the middle of the 5-year average…
U.S. crude oil inventories dropped by 5.6 million barrels last week while gasoline inventories increased by 6.8 million barrels. Exports of both crude oil and refined products were also lower week over…
U.S. crude oil inventories fell last week while inventories of gasoline and diesel fuel rose. Exports also dipped last week. Prices did not move much as traders look ahead to tomorrow's OPEC…
The U.S. crude oil inventory fell by 1.9 million barrels last week, but crude oil exports averaged an increase of more than 460,000 barrels a day.
The U.S. crude oil inventory rose last week as did gasoline stockpiles. Crude oil production was also up and so were crude oil exports.