Sentences with phrase «crude oil stocks»

I am expecting crude oil stocks to decrease by about 1.5 million barrels.

May 2 (Reuters)- U.S. crude oil stocks rose sharply last week, bringing overall supply to its highest level since December, and gasoline inventories also rose, the Energy Information Administration said on Wednesday.

Last night the API reported a large surprise build in total crude oil stocks in the United States suggesting that even with the EIA's downward revision in crude oil, production the market remains oversupplied.

U.S. crude oil stocks rose sharply last week, bringing overall supply to its highest level since December, and gasoline inventories also rose, the Energy Information Administration said on Wednesday.

I am expecting a draw in total crude oil stocks, a build in distillate fuel and gasoline inventories.

Although there has been some rebuilding of crude oil stocks recently, gasoline stocks in the US remain quite low.

As shown in the table below the API reported U.S. crude oil stocks decreased by 0.8 million barrels with Cushing inventories increased by about 1.4 million bbls on the week.

Those production cuts, aided by the rolling disaster in Venezuela that continues to take crude oil production off the world market, have, according to the IEA, brought down the world's crude oil stocks within shouting distance of OPEC's goal: the five - year average of those stocks.

Brent crude oil rose toward $ 50 a barrel on Wednesday as a drawdown in U.S. crude oil stocks outweighed the negative impact of weak economic manufacturing data from China.

NEW YORK, March 31 (Reuters)-- U.S. crude oil stocks last week rose 2.9 million barrels, slightly more than forecast, while gasoline inventories logged a modest but surprise gain, U.S. Energy Information Administration data showed on Wednesday.

Usually, crude oil stocks rise as product stocks drop, and vice-versa, reflecting swings in refinery utilization, which simultaneously increase the demand for crude and output of petroleum products, and vice-versa.

In Verlegger's testimony, he says «Over the last six months, U.S. refiners liquidated as much as 50 million barrels of crude oil stocks.

The API released its data late Tuesday afternoon showing a draw in both total crude oil stocks and gasoline and a small build in distillate fuel inventories.

Crude oil stocks rose to its highest level on record on Wednesday.

Crude oil stocks in Cushing showed a strong build but total U.S. crude oil stocks declined.

I am expecting a draw in crude oil stocks and a build in refined product inventories.