Crude oil stocks in the US rose sharply last week. WTI declines below $42, clings to strong daily gains. Crude Oil Stocks Change in the US was +4.3 million barrels in the week ending November 6th ... For most of the second half of 2019, crude oil prices have been pinned within a tight trading range, moving between the 23.6% and 50% retracements of the 2018 high/low range, from 50.49 to 59.61 ... Natural Gas Price Fundamental Daily Forecast – Weakens Under $2.929, Strengthens Over $3.014; Neutral Between The sell-off following the bullish EIA report indicates traders are weighting the ... Crude oil prices fluctuate in a tight range on Wednesday as investors stay on the sidelines while waiting for the US Energy Information Administration’s (EIA) weekly report and headlines coming out of the Organization of the Petroleum Exporting Countries (OPEC) meeting. As of writing, the barrel of West Texas Intermediate was virtually unchanged on a daily basis at $42.45. US crude oil supplies dropped more than estimated last week. Prices of the WTI keep pushing higher today to levels beyond the $59.00 mark per barrel after the EIA reported a larger-than-expected draw in US oil stockpiles on the week ended on March 15. WTI bid above $59.00/bbl [ November 9, 2020 ] Crude Oil Prices Walk a Tightroap on Biden Victory, Falling USD Forex News [ November 9, 2020 ] Ritchie Bros.: Too Much Action For This Auction Play? (NYSE:RBA) Stock News [ November 9, 2020 ] US Dollar Sank on Biden Election Lead, Capital to Flow into Emerging Markets? Short-term crude outlook from the EIA The EIA raised its forecast for 2016 demand growth by 270K bpd and now sees a 1.43mbpd year-over-year increase. For 2017, they see an additional 210kbpd of ... EIA Cuts Oil Price Forecast. This article was first published on Rigzone here. The U.S. Energy Information Administration (EIA) has marginally cut its Brent and West Texas Intermediate (WTI) oil ... EIA expects that as global oil demand rises, forecast inventory draws in 2021 will cause some upward oil price pressures. Highlights: EIA expects high global oil inventory levels and surplus crude oil production capacity will limit upward pressure on oil prices and that Brent prices will remain near $40/b through the end of 2020. Euro Forecast: Performance after US Elections, COVID-19 Vaccine is a Bad Omen for EUR/JPY, EUR/USD . 2020-11-11 15:00:00 ... The next EIA crude oil inventory report will be released on November 13 ...
[index]          
Crude oil markets went back and forth in a relatively tight range during the trading session on Monday, as markets are trying to come to grips with whether or not the crude oil onslaught of ... Oil is under pressure as the EIA Weekly Petroleum Status Report showed that U.S. domestic oil production had increased by 0.5 million barrels per day. For th... Crude oil markets jumped significantly during the trading session on Thursday as President Trump tweeted that Russia, Saudi Arabia, and the United States wer... Crude oil markets were relatively flat during the trading session on Thursday, even though the EIA reported... For the full article go to https://www.fxempir... In today's video we will be going over this weeks EIA Inventory Data: - Crude Oil Inventories - Gasoline Inventories - Distillate Inventories We will also co... Forex Strategy: How to Trade Oil ... CRUDE OIL TRADING! EIA OIL FORECAST! BUY NOW? CHEVRON NOBLE OIL STOCKS NEWS & ANALYSIS (XOM,CVX,OXY) - Duration: 9:26. CAPM TECHNICAL ANALYSIS 604 views. 9:26 ... Energy CEO: Oil and gas stocks are undervalued by every historical measure, but does that matter? - Duration: 5:00. CNBC Television Recommended for you