Data from the American Petroleum Institute, released in its weekly report on Tuesday, revealed that US oil inventories increased by about 3.69 million barrels in the week ending May 12th. Also, the data also showed that gasoline stocks fell by about 2.46 million barrels last week. Also, distillate inventories decreased …
Read More »Market Drivers – US Session 26/02/2023
The US dollar began the new trading week extending positive performance although demand for the US currency diminished ahead of the US session’s opening, following a mixed United States Durable Goods Orders report. Later on the day, the dollar Index fell 0.52% to 104.725, reversing gains from last Friday driven …
Read More »API: US oil stocks rose by 14.8 million barrels
The American Petroleum Institute said that crude oil inventories rose by 14.8 million barrels in the week ending on the sixth of January. In its weekly report, the Petroleum Institute stated that gasoline stocks rose by 1.8 million barrels, and distillate stocks increased by 1.1 million barrels. Today, Wednesday, the …
Read More »Petroleum Institute: US oil stocks rose by 3.3 million barrels
The American Petroleum Institute said that crude oil inventories rose by 3.3 million barrels in the week ending on the 30th of last December. In its weekly report, the American Institute stated that gasoline stocks rose by 1.2 million barrels, while distillate stocks decreased by 2.4 million barrels. Today, Thursday, …
Read More »API: US oil stocks fell by 5.8 million barrels
The American Petroleum Institute said that oil inventories fell by 5.8 million barrels in the week ending on the eleventh of November. The American Institute stated in its weekly report that gasoline stocks rose by 1.7 million barrels, and distillate stocks rose by 850 thousand barrels. Today, Wednesday, the US …
Read More »Oil near a 3-week high after the OPEC + agreement to cut production
Oil prices stabilized near a three-week high on Thursday after the OPEC + alliance agreed to cut global crude supplies by reducing production by about 2 million barrels per day, the largest cut since 2020. Brent crude futures for December settlement rose four cents to $93.41 a barrel by 0538 …
Read More »US oil stocks fell by 1.8 million barrels
The American Petroleum Institute said that crude oil inventories fell by 1.8 million barrels in the week ending September 30th. In its weekly report, the American Institute stated that gasoline stocks fell by 3.5 million barrels last week, and distillate stocks fell by 4.1 million barrels. On Wednesday, the US …
Read More »U.S. core capital goods orders rebound strongly; shipments moderate
New orders for U.S.-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter with strong momentum, though part of the increase reflected higher prices. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 1.0% …
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