EIA Reports Increase of 3.6 Million Barrels in Crude Oil Stockpiles - January 26, 2012 23:26

Energy Information Administration reported increase of 3.6 million barrels in crude oil inventories on Wednesday while analysts forecasted the increase of 700,000 barrels in oil inventories for the week ending January 20th, 2012. Another trade group, API reported the increase of 7.3 million barrels in the crude oil stockpiles. Gasoline inventories declined by 400,000 barrels […]

Energy Information Administration Reports Decrease in Oil Stockpiles - January 20, 2012 23:55

Energy Information Administration released its report on Wednesday and disclosed decline of 3.4 million barrels in crude oil inventories for the week ending January 13th, 2012. Analysts were expecting the increase of 2.6 million barrels in the crude oil supplies. API on the other hand reported the decline of 4.8 million barrels 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 […]

EIA Reports Increase in Crude Oil Supplies - January 6, 2012 23:21

Energy Information Administration released its report on Thursday, according to which crude oil inventories gained 2.2 million barrels for the week ending December 30th, 2011. Analysts polled by Platts hoped for a decline of 450,000 barrels in crude oil inventories while a trade group forecasted the decrease of 4.4 million barrels. EIA also reported 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 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, […]

EIA Reports Increase in Crude Oil Inventories - December 8, 2011 23:57

EIA reported increase in crude oil inventories on Wednesday in reaction to which crude oil futures remained under pressure at NYMEX. As per latest report of Energy Information Administration crude oil stockpiles increased by 1.3 million barrels for the week ending December 2nd, 2011. Analysts were expecting crude oil inventories to decline by 1.3 million […]

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 Decline in Crude Oil Inventories - November 24, 2011 23:51

Crude oil futures declined on Wednesday despite decline in inventories data by Energy Information Administration. Investors were uncertain over the latest US economic data and euro zone debt situation. Oil Analyst, Matt Smith from Summit Energy commented, “This highlights the lack of confidence in even the strongest economy in Europe, causing a flight from (euro-zone) […]