Tag: oil inventories
Oil prices rise as US crude stocks jump, gasoline inventories drop
Market appears to have factored in impact of Hurricanes Harvey and Irma US crude stocks rose significantly last week and gasoline inventories dropped to the lowest level on record as US Gulf Coast refinery activity markedly slowed in the wake of Hurricane Harvey. As of 1:16 p.m. EDT, US crude prices were up 78 cents […]
US crude stocks rise slightly, gasoline inventories down
US crude stocks up 118,000 barrels in week ending June 23 On Wednesday, the US Energy Information Administration released data showing US crude stocks had risen last week and gasoline inventories fell. Crude inventories rose by 118,000 barrels in the week ending June 23. Analysts had expected a decline of 2.6 million barrels on increased […]
Growing global inventories pressure crude oil prices
Inventories grew by 2.3 million b/d) through first 7 months of 2015 should lead to slightly higher oil prices in 2016 Falling crude oil production in the United States in response to lower oil prices will help moderate oil inventory builds in the coming months, leading to slightly higher prices, according to the US Energy Information Administration. […]
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