Crude Oil Futures Gain on API Data - January 19, 2012 23:49

Crude oil futures gained on Thursday’s Asian trading session in reaction to decrease in inventories data released by American Petroleum Institute. As per latest report of API the crude oil inventories fell 4.8 million barrels for the week ending January 13th, 2012 whereas analysts were expecting the increase of 2.6 million barrel in crude oil […]

EIA Surprises: Stunning Surge in Oil Inventories - January 12, 2012 23:56

Energy Information Administration reported its inventories data on Wednesday and shocked investors with an increase of 5 million in crude oil inventories for the week ending January 6th, 2012. Analysts were expecting the decrease of 1 billion barrels in the crude oil supplies of the respective week while another trade group also released its data […]

Crude Oil Ends at its Record High in Reaction to Tensions in Iran - January 4, 2012 23:55

Crude oil futures rallied on Tuesday and settled at its highest level since May 10th, 2011 in reaction to uncertainty over oil supplies due to Iran tensions. Moreover US manufacturing data was also better than expected further supporting the oil. As per the Institute of Supply Management, the manufacturing index gained to 53.9 for the […]

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 […]

Crude Oil Futures Gains as Worries over Global Supplies Escalate - December 28, 2011 23:54

Crude oil futures jumped on Tuesday to settle above $101 per barrel as investors remained uncertain over global crude oil supplies due to tensions in Iran. Moreover better than expected US consumer confidence data further helped the crude oil to appreciate. President of Prestige Economics, Jason Schenker commented, “The Iranian statements threatening a close of […]

Crude Oil Jumps in Reaction to Decrease in Inventories Data - December 22, 2011 23:53

Crude oil inventories decreased as per the latest data of Energy Information Administration which resulted in appreciation of crude oil futures. EIA reported the decrease of 10.6 million barrels in crude oil inventories for the week ended December 16th, 2011. While analysts expected the crude oil stockpiles to declined by 2.25 million barrels. On Tuesday, […]

Crude Oil Futures Decline in Reaction to Increase in Supplies Data - December 15, 2011 23:56

Crude oil futures remained under pressure on Wednesday in reaction to stronger US dollar crude oil inventories increased. According to the latest report of the Energy Information Administration, crude oil inventories fell by 1.9 million barrels for the week ending December 9th, 2011 while analysts forecasted the decline of 2 million barrels for the respective […]

EIA Reports Increase in Crude Oil Inventories - December 1, 2011 23:53

The Energy Information Administration reported a sudden increase in crude oil inventories on Wednesday which put the rallying oil prices under pressure at NYMEX. As per the latest report on the EIA, crude oil stockpiles increased by 3.9 million barrels for the week ended November 25th, 2011. Analysts expected the crude oil inventories to increase […]

EIA Reports Surprise Decrease in Crude Oil Inventories - November 10, 2011 23:57

Energy Information Administration released its latest inventories data on Wednesday for the week ended November 4th, 2011. As per latest report of EIA, crude oil inventories fell 1.4 million barrels for the respective week while analysts expected crude oil stockpiles to increase by 1 million barrels. Gasoline stockpiles declined 2.1 million barrels as compared to […]