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Crude Oil Price Plunges, Rebounds Following Huge Build in Inventories

U.S. commercial crude inventories increased by around 4 million barrels last week, according to the U.S. Energy Information Administration......»»

Category: blogSource: 247wallstJan 11th, 2017

Crude Oil Price Dives on Huge Build in Gasoline, Distillate Stockpiles

U.S. commercial crude inventories decreased by more than 7 million barrels last week and remains near the upper limit of the average range for this time of year......»»

Category: blogSource: 247wallstJan 5th, 2017

Oil Unsure As Huge Gasoline Inventory Build Offsets Crude Draw

Following last week's surge in crude and product inventories, API reported a much bigger than expected drawdown in crude inventories ( versus -1mm expe.....»»

Category: blogSource: zerohedgeJan 18th, 2017

WTI, RBOB Tumble After Massive Product Inventory Builds

Following API's larger than expected crude draw (and huge product builds), DOE reports massive builds in Distillates (+10mm - biggest sine Jan 2015) and Gasoline (+8.3mm - biggest since Jan 2016) and another big build in Cushing inventories. Crude.....»»

Category: blogSource: zerohedgeJan 5th, 2017

U.S. Crude Price Falls on Surprise Supply Rise

U.S. oil prices fell on Thursday after an industry report showed a surprise build in the country's crude inventories, while Brent futures recovered some ground lost in early trade......»»

Category: topSource: foxnewsDec 29th, 2016

Crude Oil Price Dips on Surprise Inventory Build

U.S. commercial crude inventories increased by more than 2 million barrels last week, according to the U.S. Energy Information Administration......»»

Category: blogSource: 247wallstDec 21st, 2016

Oil Tumbles After Big Surprise Crude, Gasoline Build

After two weeks of huge builds at Cushing (most since 2008), expectations were for a 3rd big weekly build at Cushing (and draw in overall crude). Oil prices kneejerked lower as API reported a major build in overall crude inventories (4.68mm build vs expec.....»»

Category: blogSource: zerohedgeDec 13th, 2016

Crude Oil Price Creeps Up on Inventory Decline, Gasoline Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 1.3 million barrels last week,........»»

Category: blogSource: 247wallstNov 23rd, 2016

WTI Crude Rises After Big Drawdown In Gasoline, Distillate Inventories

Following last week's record build in crude inventories, API reported a bigger than expected crude build this week (+4.40mm vs +2mm exp), but the huge draw in gasoline was the most notable (-3.6mm vs -1.5mm exp) as we suspect Colonial pipeline fallout.....»»

Category: blogSource: zerohedgeNov 8th, 2016

Big Jump In Oil Inventories Accelerates Crude Price Tailspin, But It"s Not The Real Reason To Be Bearish

This week's record U.S. inventory build was most likely seasonal/technical in nature, and unlikely to become an ongoing contributor to a bearish trend. Here's what's more likely to keep prices moving lower. This week's record U.S. inventory build wa.....»»

Category: smallbizSource: forbesNov 2nd, 2016

Crude Oil Price Plunges 3% as Inventory Soars

U.S. commercial crude inventories increased by more than 14 million barrels last week, according to the U.S. Energy Information Administration......»»

Category: blogSource: 247wallstNov 2nd, 2016

Oil down; U.S. crude below $50 ahead of inventory data

By Ethan Lou NEW YORK (Reuters) - Oil prices fell 1 percent on Tuesday, with U.S. crude breaking below $50 per barrel for a second straight day ahead of weekly data that could show a build in domestic inventories. A rallying dollar and falling share price.....»»

Category: topSource: yahooOct 25th, 2016

Crude Price Soars on Huge Inventory Draw

U.S. commercial crude inventories decreased by more than 6 million barrels last week, according to the U.S. Energy Information Administration......»»

Category: blogSource: 247wallstSep 21st, 2016

Oil dips on U.S. inventory build, defies OPEC-led cut efforts

LONDON (Reuters) - Oil prices fell on Wednesday after industry data showed a surprise increase in U.S. crude inventories despite OPEC-led output cuts that Saudi Arabia and Russia want extended......»»

Category: topSource: reutersMay 17th, 2017

USD/CAD Canadian Dollar higher After Oil Surges on Huge Inventory Drawdown

The Canadian dollar appreciated on Wednesday with the bigger than expected drawdown in weekly US crude inventories re.....»»

Category: topSource: marketpulseMay 10th, 2017

Oil rebounds on U.S. stocks drawdown, but declining OPEC compliance weighs

SINGAPORE (Reuters) - Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record supplies capped gains......»»

Category: topSource: reutersMay 3rd, 2017

Oil rebounds on U.S. stocks drawdown, declining OPEC compliance weighs

SINGAPORE (Reuters) - Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output capped gains......»»

Category: topSource: reutersMay 2nd, 2017

WTI/RBOB Jump On Largest Crude Draw In 2017 Offset By Major Product Build, Rising Production

WTI/RBOB prices were at the lows of the day after last night's huge surprise inventory data from API, but kneejerked higher after DOE reported a surprisingly large crude draw (the biggest since Dec 2016. However, it's clear tha.....»»

Category: blogSource: zerohedgeApr 26th, 2017

U.S. tobacco industry rebounds from its near-death experience

Profits are booming for cigarette companies, despite government regulation, huge legal settlements and a decline in smoking rates. The secret: A consolidated industry has been able to boost the price per pack dramatically......»»

Category: topSource: moneycentralApr 23rd, 2017

U.S. tobacco industry rebounds from its near-death experience

Profits are booming for cigarette companies, despite government regulation, huge legal settlements and a decline in smoking rates. The secret: A consolidated industry has been able to boost the price per pack dramatically......»»

Category: topSource: moneycentralApr 23rd, 2017

U.S. Tobacco Industry Rebounds From Its Near-Death Experience

Profits are booming for cigarette companies, despite government regulation, huge legal settlements and a decline in smoking rates. The secret: A consolidated industry has been able to boost the price per pack dramatically......»»

Category: smallbizSource: wsjApr 23rd, 2017