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  1. 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. 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 ...

  3. 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

  4. 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.

  5. 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 ...

  6. 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

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  8. 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.

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