TAG: crude-oil
Crude Inventories Increased By 5.8 Million Barrels, Exceeding Analyst Expectations
On April 10, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories increased by 5.8 million barrels from the previous week, compared to analyst consensus of +2.37 million barrels. At current levels, crude inventories...
6 months ago
FP Markets Increases its Commodity Offering, Adding Brent Oil, Cotton and Sugar Futures
The move allows traders and investors at FP Markets to not only capitalise on new opportunities in the commodities sector but it also broadens the options available for portfolio diversification.Complementing its existing range of Commodity CFDs, clients...
6 months ago
Crude Inventories Rise By 2.7 Million Barrels, Exceeding Analyst Expectations
On April 17, 2024, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories increased by 2.7 million barrels from the previous week, compared to analyst consensus of +1.6 million barrels. At current levels, crude invent...
5 months ago
Crude Inventories Fall By 6.4 Million Barrels
On April 24, 2024, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories declined by 6.4 million barrels from the previous week. Analysts expected that crude inventories would increase by 1.6 million barrels. At curr...
5 months ago
Crude Inventories Rise By 1.4 Million Barrels, Exceeding Analyst Expectations
On August 14, 2024, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories increased by 1.4 million barrels from the previous week, compared to analyst consensus of -2 million barrels.Total motor gasoline inventories...
2 months ago
Commodities in Focus: What to Trade in 2024 and Why
With insights from Kar Yong Ang, a financial analyst at Octa broker, we explore the most promising commodities of the year, including gold, oil, lithium, and others, and provide strategies for traders to navigate these opportunities effectively.H2: Unders...
1 month ago
Crude Inventories Drop By 0.8 Million Barrels
On August 28, 2024, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories declined by 0.8 million barrels from the previous week, compared to analyst consensus of -3 million barrels. At current levels, crude inventor...
1 month ago
Crude Inventories Increase By 0.8 Million Barrels
On September 11, 2024, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories increased by 0.8 million barrels from the previous week, compared to analyst consensus of +1.0 million barrels. At current levels, crude in...
1 month ago
Crude Inventories Decline By 1.6 Million Barrels
On September 18, 2024, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories declined by 1.6 million barrels, compared to analyst consensus of -0.1 million barrels. At current levels, crude inventories are about 4% b...
3 weeks ago
Oil Market Rebound From Technical Support Amid Rising Middle East Tensions
Brent crude oil has recently experienced a notable recovery, driven by economic shifts and geopolitical tensions. After dropping below $72, prices rebounded following the US Federal Reserve’s rate cuts. This recovery also comes amid fluctuating inventory...
3 weeks ago
Crude Inventories Decline By 4.5 Million Barrels
On September 25, 2024, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories declined by 4.5 million barrels from the previous week, compared to analyst consensus of -1.4 million barrels. At current levels, crude inv...
2 weeks ago
Crude Inventories Rise By 3.9 Million Barrels, Exceeding Analyst Expectations
On October 2, 2024, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories increased by 3.9 million barrels from the previous week, compared to analyst consensus of -1.3 million barrels. At current levels, crude inven...
1 week ago
Crude Inventories Increased By 5.8 Million Barrels
On October 9, 2024, EIA released its Weekly Petroleum Status Report, which indicated that crude inventories increased by 5.8 million barrels from the previous week, compared to analyst consensus of +2 million barrels. At current levels, crude inventories...
6 days ago
Oil and Natural Gas Technical Analysis Following China’s Inflation Decline
Crude oil prices dropped on Monday after China’s Consumer Price Index (CPI) increased by only 0.4% in September, missing the expected 0.7%. The lower-than-expected CPI points to weaker consumer spending in China, a major driver of global energy demand. Th...
1 day ago