Sentences with phrase «expected oil inventory»

After trading in a range throughout the midsession, upside activity picked - up following a better - than - expected oil inventory report sent oil stocks higher.

Not exact matches

The world's «easy oil» has been depleted, Grantham argues, and current high inventory levels will be used up sooner than the market expects — assuming reasonable global GDP growth.

Oil ran ahead $ 2.99 to US$ 106.52 a barrel as U.S. crude inventories came in higher than expected.

Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.

CNBC's Jackie DeAngelis reports on the pullback in oil prices ahead of inventory numbers expected this week.

The Energy Information Administration reports natural gas inventories at 10:30 a.m., and oil inventory data are expected at 11 a.m.

Crude oil prices inched up after the EIA reported a smaller - than - expected build of 5.9 million barrels in crude oil inventories for the week to September 8, after a 4.6 - million - barrel build in the prior week due to the Gulf Coast refinery shutdowns.

The initial enthusiasm over OPEC's production cut deal died out rather unceremoniously, and oil prices only enjoyed a brief rally, hammered down continually by rising U.S. supply and slower - than - expected drawdowns on inventory.

A day earlier the American Petroleum Institute had estimated crude oil inventories had risen for the second week in a row, by a hefty 6.18 million barrels, which was only to be expected as the market is prepared for the Hurricane Harvey effects on Gulf Coast refining to linger for another few weeks.

A dip in oil prices (WTI from $ 67.50 - $ 67.20, API reported larger than expected build in US oil inventories) as well as news of a potential Trump subpoena from Mueller weighed on stocks.

Later in the morning, US stocks turned lower (S&P -12 to 2643, consumer staples lead decliners), with a further decline in oil (WTI to $ 66.91 - EIA Oil Inventories showed a much larger than expected build) weighioil (WTI to $ 66.91 - EIA Oil Inventories showed a much larger than expected build) weighiOil Inventories showed a much larger than expected build) weighing.

Oil could again be a positive catalyst for stocks Wednesday, as traders await government inventory data that could be more bullish than expected.

Oil will also be in the spotlight with government inventory data expected at 10:30 a.m. Wednesday.

Last Wednesday, oil jumped nearly 3 percent on reports that U.S. inventories had fallen more than expected, suggesting the global glut continues to recede.

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

I am expecting crude oil inventories in Cushing to build this week as the net inflow (inflow - outflow) into Cushing showed a modest increase last week.

The Crude Oil inventories that will be released at 3:30 GMT today are expected to show a decrease in US stockpiles of 0.5 million barrels.

The world's «easy oil» has been depleted, Grantham argues, and current high inventory levels will be used up sooner than the market expects — assuming reasonable global GDP growth.

A strong local economy driven by the oil sector combined with low inventory led to the robust increases, but eroding affordability and interest rates that are expected to rise will likely lead to more moderate price appreciation in the second half of the year.