Crude oil prices managed to defend against selling pressure amid a market-wide rout but sellers may be reanimated by the monthly EIA report and API inventory data.
Despite geopolitical risks seemingly ebbing, WTI/RBOB rebounded today on hopes OPEC would extend output cuts and extended gains after API reported surprise draws across the entire energy space. Additionally, Bloomberg points out that Alberta’s plan […]
Prices of oil slipped from 2014 highs hit in the prior session as rising Middle East geopolitical tensions were countered by rising stockpiles and output in the U.S. Brent crude futures edged up to $70.78 […]
Crude oil prices are looking to API inventory data for direction as technical positioning hints a turn lower may be ahead after testing critical resistance.
Crude oil prices managed to hold up despite data showing Saudi exports hit a 10-month high. API inventories data is next to their resilience.
FXCM Group, LLC (“FXCM Group” or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, announced today the expansion of their suite of API offerings with the […]
Crude oil prices saw an intraday bounce undone by forecasts for faster US output growth. A monthly report from the IEA and API inventory data may bring more of the same.
Crude oil futures continued to fall Wednesday morning despite a report showing a surprising drawdown in U.S. inventories. The American Petroleum Institute (API) reported a draw of 1.050 million barrels of United States crude oil […]
Crude oil prices shrugged off supportive API inventory data and didn’t participate in a market-wide risk appetite recovery as the EIA projected a rapid pickup in US output growth.
Crude oil prices continued to rise Wednesday, powered by a weak U.S. dollar. Crude’s rally was subdued, however, as the API reported a surprise build in U.S. oil inventories. WTI light sweet oil added 25 […]