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By Dominick Chirichella |
April 9, 2014
The EIA released their monthly Short Term Energy Outlook. Following are the oil related highlights form the report.
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By Phil Flynn |
March 27, 2014
The Energy Information Administration reported that U.S. crude supply exploded by 6.62 million barrels. That is the highest amount on record.
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By Dominick A. Chirichella |
February 26, 2014
From a technical perspective all of the commodities in the oil complex hit a top several days ago and have been drifting lower since peaking after a long run to the upside that began in early February.
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By Ben Sharples, Bloomberg |
February 4, 2014
West Texas Intermediate crude rose for a second day on speculation a report will show distillate inventories fell amid cold weather.
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By Dominick Chirichella |
January 29, 2014
Oil prices are mixed in early morning trading after strong across the board gains on Tuesday. Last night’s API oil inventory report showed builds in crude oil and gasoline with distillate fuel declining on the back of a cold weather reporting week.
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By Phil Flynn |
January 24, 2014
It was so cold the politicians kept their hands in their own pockets. It was so cold the Kardasians put some clothes on. Yet where you really could tell it was cold was when you saw the Energy Information Administration petroleum and natural gas reports.
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By Dominick Chirichella |
January 22, 2014
Absent a broader definition of crude oil exports, production levels in the U.S. could be impacted over the longer term. Here's one possible solution.
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By Phil Flynn |
January 16, 2014
The massive draw came even after U.S. oil production climbed to 8.16 million barrels a day last week, the highest level since July 1988.
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By Phil Flynn |
January 9, 2014
Forget about that surprise drawdown in crude oil, the focus should be on that massive build in products. Who said U.S. refiners would not be able to handle all of that cheap crude oil?
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By Dominick Chirichella |
January 8, 2014
Crude oil futures are struggling to stay in positive territory after mixed API and EIA inventory reports. With crude oil builds likely to come across the month of January, the market is once again discounting most of the API draw in crude oil.
