Tag Archives: Crude Oil

US Crude Oil Inventories in May shows big changes from week to week. The Crude oil price is still bullish

I didn’t posted week by week data because there was big changes in US crude oil stocks during May, from positive for the price with -4.983 on May 20 . to negative for the price a week later with 7.928 million barrels. No matter the down/up changes, the price remain bullish in May with high at $40.00 per barell, today

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Crude Oil inventories 4590K

Crude inventories in the US rose by 4.590 million barrels in the week ended May 1st, 2020, following an 8.991 million increase in the previous period and compared with market forecasts of a 7.759 million advance, according to the EIA Petroleum Status Report. Meanwhile, gasoline inventories fell unexpectedly for the second straight week, down by 3.158 million. crude oil inventories 4590K

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A total mess on Oil market with CFD’s, Futures, rollover’s and some more…

If you are an amateur retail trader you’ve probably don’t know what in the hell is  happening with Oil prices recently (I am not talking about the fall) and that’s not strange. We experienced traders are also confused, searching for the proper explanations. To be honest, I found a couple of good ones, but I can honestly say that I

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Crude oil inventories build 19.2 million. The price still flirting with $20

crude oil inventory build reached 19.248 million vs 12.7 million estimate. It was the largest weekly build on record. The private API data showed a build of 13.143M barrels gasoline inventories showed a build of 4.914M distillates showed a build of 6.28M Cushing OK crude oil build 5.724M vs 6.417M last week Gasoline demand remains depressed at 5836.4 (vs 5834.0) Crude oil demand 15.320M vs

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The biggest Oil cut in history is made, but the price isn’t reacted positive for now. Here’s my view of the possible move if $20 holds. CANCELED and updated on APril 15.

OPEC+ made a historic agreement and finalized plans on Sunday to steeply cut oil production by a combined 9.7 million barrels per day.  Also, the U.S. additional cuts are expected from producers outside the OPEC+ group, which means how they expected total global oil cuts to amount to more than 20 million bpd, or 20 percent of global supply, effective

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US weekly EIA crude oil inventories +13833k, but the price is stuck at $20 for now

US weekly EIA crude oil inventories +13833k vs +3300k expected Prior was +1623K Gasoline +7524K vs +1200K exp Distillates -2194K vs +1000K exp Refinery utilization -5.0%  vs -1.0% exp Production 13.0 mbpd vs 13.0 mbpd prior API yesterday: Oil +10485K Cushing +2926K Gasoline +6058K Distillates -4458K The price of crude oil is firmly held at aprox $20 and it looks

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