EIA Reports Increase of 3.8 Million Barrels in Oil Stockpiles - August 30, 2012 23:51

Energy Information Administration released its inventories report on Wednesday according to which crude oil supplies jumped by 3.8 million barrels for the week ending August 24th, 2012. On the other hand American Petroleum Institute reported much higher increase in oil supplies a day earlier in its report. Analysts on average were expecting the decrease of […]

Forex Outlook for the Week Ending August 24th - August 24, 2012 14:48

Major economic events which could significantly affect the forex markets for the week ending August 24th, 2012 are as under: On Monday, August 20th, euro zone reported its data on construction output while in United States, Chicago Federal Reserve, reported its Nat Activity index. In United Kingdom, data on house prices was released. On Tuesday, […]

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 […]

Forex Outlook for Week Ending July 6th - July 5, 2012 19:54

Major economic events which have a significant impact on forex markets for the week ending July 6th, 2012 are as under: On Monday, July 2nd, Italy, France and Germany released their purchasing managers’ index for manufacturing sector while separate PMI was reported for the euro region.  Moreover, unemployment rate for the euro zone and Italy […]

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 […]

Crude Oil Inventories Decline by 200,000 Barrels, Reports EIA - June 14, 2012 23:44

The Energy Information Administration published its report on crude oil supplies on Wednesday according to which crude oil inventories declined by 200,000 barrels for the week ending June 8th, 2012. Analysts on average expected the decline of 2 million barrels in crude oil stockpiles while another trade group, the American Petroleum Institute reported the decrease […]

EIA Reports Minor Decline in Oil Inventories - June 7, 2012 23:59

The Energy Information Administration reported its official figures on crude oil inventories on Wednesday according to which crude oil supplies fell by 100,000 barrels for the week ending June 1st. Analysts were expecting a decrease of 1 million barrels in crude oil supplies for the respective week. Another trade group, the American Petroleum Institute reported […]

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 […]