Crude Oil Price Pares Losses, Trading Over $76 a Barrel

Crude Oil Price Pares Losses, Trading Over $76 a Barrel

The start of this past week saw a rather sharp boom in the price of Crude Oil as a pipeline delivering oil from Canada to the American mid-west suffered a leak, forcing the pipe to be shut down. The resulting speculation of a dip in supply, both from the pipeline leak and from hurricanes in […] [...more]

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Weekly Inventories Data – September 15, 2010

Weekly Inventories Data – September 15, 2010

U.S. crude oil refinery inputs averaged 15.0 million barrels per day during the week ending September 10, 94 thousand barrels per day above the previous week’s average. Refineries operated at 87.6 percent of their operable capacity last week. Gasoline production decreased last week, averaging 9.2 million barrels per day. Distillate fuel production increased last week, […] [...more]

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Weekly Inventories Data – September 9, 2010

Weekly Inventories Data – September 9, 2010

U.S. crude oil refinery inputs averaged 14.9 million barrels per day during the week ending September 3, 90 thousand barrels per day above the previous week’s average. Refineries operated at 88.2 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.5 million barrels per day. Distillate fuel production remained relatively unchanged […] [...more]

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Weekly Inventories Data – September 1, 2010

Weekly Inventories Data – September 1, 2010

U.S. crude oil refinery inputs averaged 14.8 million barrels per day during the week ending August 27, 68 thousand barrels per day below the previous week’s average. Refineries operated at 87.0 percent of their operable capacity last week. Gasoline production decreased last week, averaging 9.3 million barrels per day. Distillate fuel production decreased last week, […] [...more]

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Crude Oil Looks to Inventories and Economic Data

Crude Oil Looks to Inventories and Economic Data

Crude Oil (WTI) – $72.28 // $0.36 // 0.50% Commentary: Crude oil got slammed on Tuesday, losing $2.78, or 3.72%. In addition to the persistent economic worries that have been plaguing risk assets in general, crude oil was also pressured by the prospect of another bearish inventory report on Wednesday. As readers are aware, U.S. […] [...more]

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Weekly Inventories Data – August 25, 2010

Weekly Inventories Data – August 25, 2010

U.S. crude oil refinery inputs averaged 14.9 million barrels per day during the week ending August 20, 348 thousand barrels per day below the previous week’s average. Refineries operated at 87.7 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.6 million barrels per day. Distillate fuel production increased last week, […] [...more]

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Crude Decline on Negative U.S Economic Data

Crude Decline on Negative U.S Economic Data

Crude Oil futures prices settled at a 6-week low Thursday, hurt by disappointing U.S. economic data which was released Thursday as well as the highest inventories in nearly 27 years. U.S. initial claims for unemployment benefits rose by 12,000 in the week ended Aug. 14. Economists had forecast a drop of 4,000. Claims totaled 500,000 […] [...more]

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Crude Oil Falls on Abundant Supplies

Crude Oil Falls on Abundant Supplies

Crude oil got slammed early in the Wednesday session before rebounding notably following the DOE inventory report. Which is not to say that the report was bullish—it was not. But prices got low enough to spur a rebound in the commodity which has fallen precipitously from last week’s highs. Crude oil resumed its downtrend on […] [...more]

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Oil Prices Continue to Climb Despite Inventories Report

Oil Prices Continue to Climb Despite Inventories Report

Despite a higher than forecasted U.S. crude oil inventories figure, released on Wednesday, oil prices began rising again throughout yesterday and into overnight trading. Prices are currently up over 120 pips from yesterday’s low point before the inventories report was released. Analysts attribute the increase in price to the recent gains made in the U.S. […] [...more]

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