Sentences with phrase «of crude oil inventory»

Traders look ahead to a fresh batch of crude oil inventory data from the American Petroleum Institute (API) due Tuesday after data last week showed an unexpected build in U.S. crude stockpiles.

The migrations of crude oil inventories from the Midcontinent to the Gulf Coast will increase exports of refined products.

Not exact matches

Oil fell Tuesday as a stronger dollar prompted investors to take profits from a two - week rally ahead of weekly data that analysts have forecast will indicate an uptick crude inventories.

LONDON, May 3 - Oil prices edged higher on Thursday despite swelling U.S. crude inventories and record weekly U.S. production, as focus shifted back to OPEC supply cuts and the potential of new U.S. sanctions against Iran.

CNBC's Jackie DeAngelis reports on oil prices ahead of the Department of Energy's crude inventory report.

Investors will scour weekly oil inventory statistics from the Energy Information Administration later on Thursday after industry data showed a rise of 2.1 million barrels in crude stockpiles last week.

CNBC's Jackie DeAngelis reports the latest read of crude oil and gasoline inventories from the EIA.

A U.S. crude inventory build of 2.6 million barrels in the week through Dec. 25 could keep downside pressure on oil, reports CNBC's Jackie DeAngelis.

Although U.S. crude oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status report, Molchanov predicts inventories will trend lower by the middle of the year as prices recover.

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 shutdCrude 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 shutdcrude 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.

As refineries along the Gulf Coast slowly resume normal operations, there was no surprise in this week's EIA inventory report: a build of 4.6 million barrels of crude oil.

The U.S. dollar clung to gains amid fading concerns over a global trade war, while oil soared on a reported decline in U.S. crude inventories and the possibility of supply disruptions.

In spite of analyst warnings, prices remained stable after the third weekly crude oil inventory increase, suggesting that market players have already factored in the prolonged consequences of Hurricane Harvey and Irma on oil dynamics in the United States.

While the re-balancing of global oil markets is progressing, record - high crude and gasoline inventories continue to put downward pressure on prices.

This week's crude oil inventory build takes away from the previous streak of draws that saw almost 50 million barrels removed from inventory, according to API data.

Crude oil has regained a path of least resistance north as inventories come back into the picture with expectations trickling out today and API at 3:30 p.m. Central.

With oil prices already down on the day, the American Petroleum Institute (API) reported a large build of 3.427 million barrels of United States crude oil inventories for the week Continue Reading

The American Petroleum Institute (API) reported a build of 6.181 million barrels in United States crude oil inventories, compared to analyst expectations that inventories would build by 10.1 million barrels for the week ending September 8 as many refineries in the Gulf Coast remain offline and demand in Florida wanes in the wake of the most recent hurricane.

American Petroleum Institute (API) crude oil inventory data Oil inventory build of 2.6 mln barrels Cushing draw of 319K barrels Gasoline -1.94 mln bbls Distillate -95 K bbls The survey expectations Continue Readoil inventory data Oil inventory build of 2.6 mln barrels Cushing draw of 319K barrels Gasoline -1.94 mln bbls Distillate -95 K bbls The survey expectations Continue ReadOil inventory build of 2.6 mln barrels Cushing draw of 319K barrels Gasoline -1.94 mln bbls Distillate -95 K bbls The survey expectations Continue Reading

The American Petroleum Institute (API) reported a draw of 761,000 barrels in United States crude oil inventories, compared to analyst expectations that inventories would build by 3.422 million barrels for the week ending September 22.

Crude oil ran into tech trouble as the U.S. tech sector is under fire leading to a sell - off in stocks against a backdrop of rising oil inventory.

The OPEC deal seems to finally be bearing fruit in the form of a sharp decline in global crude oil inventories.

However, crude oil inventories remain high, with current storage levels near 500 million bbl, which is approximately 9 million bbl ahead of last year.

Global crude oil inventories had reached record highs, and the price of oil Continue Reading

What: Just when investors thought it was safe to go back into the waters of the oil market, building inventories of refined product and crude sent oil prices plunging today and taking exploration and production stocks with them.

The chart above shows that the U.S. Energy Information Administration estimates that commercial crude oil inventories at OECD countries could hit their lowest in two years by the end of 2017, coinciding with a sharp drop in U.S. inventories.

The EIA reports: «At 528.7 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year.»

Oil prices pushed lower for most of last week on the news that U.S. commercial crude inventories rose to the highest level for this time of the year in at least 80 years, though prices reversed sharply on Friday.

Even though we may be perhaps two - thirds through the inventory destocking part of the down cycle, what does the longer - term future hold for steel and crude oil prices?

Crude oil in particular managed to give back all of Wednesday's gains after dismal inventory data on Thursday, and yet again finds itself at a key intersection of important support which typically has been wise to buy into.

The market was already moving upward on the back of this morning's EIA report, which reported a draw in crude oil inventories of 1.9 million barrels — the fourth draw in a 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.

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.

According to the U.S. Energy Information Administration, «U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years.»

DeHaan says that continued low gas prices in the U.S. can be attributed mostly to an increase in the amount of crude oil produced in the U.S., with American oil inventories up 27 percent compared to this time last year.

At 10:00 am, before the Dept. of Energy's Crude Oil Inventory report, a typical futures trader would have to consider not just one but two problems:

Right now at least, pump prices are falling more or less in tandem with crude because of low demand from world economies and larger crude inventories from oil producing countries.