Futures Markets
EIA: US crude stockpiles up less than expected
Crude oil prices varied during the session Wednesday after the US Energy Information Administration said that oil inventories were up 1.4 million barrels last week to 343 million barrels, not as much as the 2.1 million barrel gain which had been expected.
Prices rose and fell and by afternoon trade in New York April contracts for [...]
Crude prices gain despite higher US inventories
The US Energy Information Administration reported Wednesday in its weekly inventories report that crude oil in US storage added 4.1 million barrels last week to 341.6 million barrels, above the expected build of 1.1 million barrels but 3.7 percent below stockpiles last year at this time.
Additionally, the EIA said that gasoline inventories were up by [...]
Crude prices gain on better sentiment
Crude oil prices were higher Tuesday as investors were more optimistic that a plan to help the Greek economy will be forthcoming soon.
Additionally, there were hopes that demand will improve, while the US dollar weakened to make oil less expensive for buyers making purchases with other currencies.
The Energy Information Administration’s weekly US inventories report is [...]
Crude oil prices rise despite gains in US inventories
Crude oil prices were higher Thursday even after the US Energy Information Administration reported that crude inventories added 3.1 million barrels last week, up more than the expected gain of 1.65 million barrels.
At around 1 p.m. in New York, March contracts for West Texas Intermediate crude were up 83 cents to $78.16 per barrel on [...]
Crude oil prices down on inventories, new China bank rules
Crude oil prices fell in New York after the US Energy Information Administration said that stockpiles of both crude oil and gasoline jumped more than expected last week, and on another increase in how much cash the Chinese government will require banks to keep in reserve as a way to curb lending there.
In a report [...]
Crude oil gains in New York after early declines
The price of crude oil was up slightly in New York in afternoon trade on Wednesday as March contracts for West Texas Intermediate crude added 67 cents to $74.42 per barrel on the New York Mercantile Exchange less than half an hour before the close of floor trade.
Earlier, in late morning trade, March contracts were [...]
WTI, Brent crude drop more than $4 per barrel on session
Crude oil prices were much lower Thursday after the US Labor Department reported that first-time unemployment claims were up last week to 480,000, their highest level in seven weeks.
March contracts for West Texas Intermediate crude was down $4.31 to $72.67 per barrel near the close of floor trade on the New York Mercantile Exchange, while [...]
EIA: Crude oil inventories rise but gasoline in storage declines
Crude oil prices were unsteady Wednesday as the US Energy Information Administration released its weekly inventories report, but by less than half an hour before the end of floor trade March contracts for West Texas Intermediate crude had dropped 20 cents to $77.03 per barre on the New York Mercantile Exchange, while at last report [...]
EIA: Natural gas in storage drops, remains above average levels
The price of natural gas futures dropped in New York trade Thursday after the US Energy Information Administration issued new data showing that while US stockpiles fell last week, they remained above the five-year average.
The EIA said that natural gas inventories dropped by 86 billion cubic feet to 2.52 trillion cubic feet last week, 1 [...]
Crude prices fall after inventories report
Crude oil prices were lower Wednesday in the wake of the latest US inventories report from the Energy Information Administration.
March contracts for West Texas Intermediate crude rose slightly right after the EIA data was issued, but by just before 2 p.m. in New York WTI for March had dropped $1.49 to $73.22 per barrel on [...]
Crude prices drop despite decline in oil inventories
Crude oil prices fell Thursday even though the US Energy Information Administration reported that crude oil inventories fell last week instead of rising as expected.
New data from the EIA showed that US crude oil stockpiles dropped by 400,000 barrels last week, against an expected gain of 2.8 million barrels.
Distillates inventories were also down more than [...]
EIA: Natural gas stockpiles still above average
Crude oil prices fell slightly Thursday, while prices for natural gas were also lower after the US Energy Information Administration reported that while stockpiles fell last week, they still remain much above average.
The EIA issued new data showing that US inventories of natural gas were down by 266 billion cubic feet last week to [...]
EIA: Crude oil stockplies up 3.7 mb last week in US
Oil prices slid Wednesday after the US Energy Information Administration said that US inventories of crude oil, gasoline, and distillates all were up more than expected last week.
New numbers issued by the EIA showed that crude oil stockpiles in the United States added 3.7 million barrels last week against an expected rise of just 1.9 [...]
Retail gasoline prices up in US despite weak demand
Retail prices for gasoline were up Thursday to levels not seen in more than a year, while the Energy Information Administration reported that US natural gas stockpiles were lower last week but still remained above normal levels for this time of year.
AAA said that pump prices for gasoline in the United States rose overnight to [...]
EIA: crude oil, gasoline inventories were up last week
Crude oil prices initially fell on Wednesday after the US Energy Information Administration reported that US stockpiles of crude were up last week, but by noon in New York prices had more than taken back the declines.
In midday trade, February contracts for West Texas Intermediate crude were up $1.00 to $82.77 per barrel, but [...]
Crude prices jump despite weak demand
Crude oil prices were higher Thursday, in a shortened trading session due to the Christmas holidays, as the Labor Department issued new data showing that there were 28,000 fewer new jobless claims filed last week in the United States.
February contracts for West Texas Intermediate crude ended the session $1.38 higher to $78.05 per barrel on [...]
EIA: US crude inventories drop nearly 5 million barrels last week
Crude oil prices were up after the US Energy Information Administration said Wednesday in its weekly inventories report that crude oil stockpiles fell much more than expected last week, while gasoline inventories were down by nearly a million barrels when they were expected to rise by more than that.
In the week ending 18 December, US [...]
Inventories decline sends natural gas prices higher
Natural gas prices were higher Thursday after the US Energy Information Administration reported that inventories dropped the most ever last week.
The EIA said that stockpiles of natural gas fell about 207 billion cubic feet to 3.57 trillion cubic feet last week, with drawdowns coming as cold weather hit major population centers in the US [...]
EIA: crude oil, distillates stocks fall more than anticipated
Crude oil prices saw gains Wednesday after the US Energy Information Administration reported that crude oil and distillates inventories fell more than expected last week and gasoline stockpiles grew less than had been anticipated.
A weaker US dollar also helped prices higher.
January contracts for West Texas Intermediate crude were up $2.51 to $73.20 per barrel at [...]
EIA: oil products consumption lowest in 5 months
Crude oil prices were lower Wednesday after the US Energy Information Administration reported that while crude oil inventories were lower last week, stockpiles of gasoline and distillates grew.
Additionally, the EIA said that consumption of all oil products dropped last week to its lowest level in five months.
At about half an hour before the close of [...]