EIA Reports Declines in Crude Oil Inventories - February 16, 2012 23:22

Energy Information Administration released its weekly data on crude oil inventories on Wednesday and reported the decrease of 200,000 barrel in oil supplies for the week ending February 10th, 2012. Another trade group API on Tuesday reported the increase of 2.9 million barrels in crude oil stockpiles while analysts expected the increase of 1.9 million […]

Energy Information Administration Reports Increase in Supply Data - February 9, 2012 22:15

Energy Information Administration released its report on crude oil inventories on Wednesday according to which crude oil stockpiles increased by 300,000 barrels for the week ending February 3rd, 2012 while another trade group American Petroleum Institute reported the decrease of 4.5 million barrels in the crude oil inventories. Analysts were expecting the supplies to increase […]

Crude Oil Declines on API Data - January 25, 2012 23:57

Crude oil futures declined on Tuesday as API reported huge increased in crude oil inventories data. The stronger greenback also exerted some pressure Crude oil futures. Commodities are always negatively correlated with US dollar as stronger greenback makes commodities expensive for investors of other currencies. Editor, Tom Essaye from 7:00’s Report commented, “Oil is lower […]

EIA Reports Unexpected Increase in Crude Oil Inventories - December 30, 2011 23:25

Crude Oil futures gained on Thursday despite increase in supplies data. The crude oil futures found support from threat of Iran’s threat to disrupt oil tankers traffic. As per latest data of Energy Information Administration crude oil supplies surged by 3.9 million barrels for the week ending December 23rd, 2011 while analysts expected the decline […]