Crude Oil Inventories Decline by 500,000 Barrels: Report EIA - October 4, 2012 23:56

The Energy Information Administration reported decline of 500,000 barrels in crude oil supplies for the week ending September 28th, 2012. Analysts were expecting increase of 1.5 million barrels in the crude oil inventories for the respective week. Moreover analysts from BNP Paribas reported that oil production was up by 12 percent as compared to last […]

EIA Reports decrease of 4.3 Million Barrels in Oil Supplies - July 6, 2012 23:49

Energy Information Administration released its inventories report on Thursday according to which crude oil inventories declined by 4.3 million barrels for the week ending June 29th, 2012. Analysts on average expected the crude oil supplies to fell by 2 million barrels. EIA also released its data on gasoline inventories which increased by 200,000 barrels for […]

EIA Report Increase of 2.9 Million Barrels in Oil Inventories - June 21, 2012 23:51

The Energy Information Administration on Wednesday released its inventories report according to which crude oil supplies increased by 2.9 million barrels for the week ending June 15th, 2012. Analysts on the other hand analysts on average forecasted the decrease 600,000 barrels for the respective week. The EIA also reported the increase of 900,000 barrels in […]

EIA Reports Increase of 2.2 Million Barrels in Crude Oil Supplies - June 1, 2012 23:01

Energy Information Administration released its inventories data on Thursday according to which US crude oil inventories increased by 2.2 million barrels for the week ending May 25th, 2012. Analysts were expecting a gain of 100,000 barrels in the crude oil inventories while another trade group American Petroleum Institute reported the decrease of 353,000 barrels for […]

Crude Oil Gains on Positive US Economic Indicators - May 25, 2012 22:22

Crude oil futures gained on Thursday after touching their lowest level since October in earlier sessions. The positive US macroeconomic data and rising equities supported the oil. US jobless claims reduced for the week while increase in durable orders was also reported by US Commerce Department. Moreover, negotiations on Iran’s nuclear program failed and ended […]

EIA Reports Increase of 900,000 Barrels in Oil Inventories - May 24, 2012 23:49

Energy Information Administration released its inventories report on Wednesday according to which crude oil stockpiles increased by 900,000 barrels for the week ending May 18th, 2012 while analysts forecasted the increase of 750,000 barrels for the respective week. Another trade group, the American Petroleum Institute reported the increase of 1.5 million barrels in crude oil […]

Crude Oil Supplies Up by 2.8 Million Barrels, Reports EIA - May 3, 2012 23:49

Energy Information Administration released its inventories report on Wednesday according to which crude oil inventories surprisingly increased by 2.8 million barrels for the week as compared to analysts’ expected gain of 2.5 million barrels. Though the inventories data came in line with analysts’ expectations but what really concerned the market that total oil inventories figure […]

EIA Reports Surprise Increase in Crude Oil Stockpiles - April 26, 2012 23:54

Energy Information Administration released its weekly inventories report on Wednesday according to which crude oil inventories increased 4 million barrels for the week ended April 20th, 2012. Analysts on average expected the gain of 1.5 million barrels for the respective week. Energy Information Administration also reported gasoline inventories according to which gasoline stockpiles fell 2.2 […]

Crude Oil Supplies Gain 3.8 Million Barrels; Reports Energy Information Administration - April 19, 2012 23:49

Energy Information Administration released its report on Wednesday according to which crude oil inventories jumped 3.8 million barrels for the week ending April 13th, 2012. Analysts were expecting the increase of 400,000 barrels in crude oil supplies for the respective week. Gasoline stockpiles fell 3.7 million barrels as compared to analysts’ forecasted increase of 140,000 […]