Search results
6 hours ago · Wednesday's EIA report showed that (1) US crude oil inventories as of June 21 were -1.5% below the seasonal 5-year average, (2) gasoline inventories were -0.2% below the seasonal 5-year average ...
2 hours ago · Crude oil futures closed the week and the month with gains as expectations rose for summer demand to continue the rally. Oil had tumbled to multi-month lows early in June when OPEC+ said it would ...
1 day ago · The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil
1 day ago · Brent crude futures for August settlement, which expired on Friday, settled up 2 cents at $86.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled 20 cents lower, or 0.24%, to $81.54.
12 hours ago · The crude market has experienced a disconnect, with spot prices and calendar spreads rising despite swelling inventories. While traders are betting on tighter future supplies, persistent over-supply and slow consumption rebound may lead to setbacks. A large inventory drawdown is expected, but if smaller than anticipated, prices could sharply ...
1 day ago · EIA: Crude Oil Inventories Up 3.6M Barrels, Defy 2.6M Draw Estimate Wed, 26 Jun 2024 16:29:45 GMT German GfK Consumer Confidence Indicator Dips to -21.8 for July Wed, 26 Jun 2024 06:31:09 GMT
People also ask
What does the chart show about seasonal oil inventories?
Did crude oil inventories rise more than expected last week?
What happened to US crude oil inventories in the week ended Dec 16?
How did crude inventories perform in the week to Dec 30?
What's going on with crude oil demand?
Why did crude oil futures close in June?
1 day ago · Additionally, they predict second-quarter C3+ natural gas liquids (NGL) realizations at $40.58 per barrel, approximately 50% of the West Texas Intermediate (WTI) crude price. Despite these projections, JPMorgan anticipates second-quarter earnings per share (EPS) and cash flow per share (CFPS) at -$0.22 and $0.32 respectively, which is below the street's estimates of -$0.13 EPS and $0.46 CFPS.