Bulletin
Investor Alert

Topics

Heating

Video

How Energy Got So Cheap

  • How Energy Got So Cheap How Energy Got So Cheap 6:23
6:37 a.m. April 14, 2021 - By Myra P. Saefong
EIA reports a nearly 6 million-barrel weekly decline in U.S. crude suppliesThe that U.S. crude inventories fell by 5.9 million barrels for the week ended April 9. On average, analysts polled by S&P Global Platts forecast a decline of 2.9 million barrels for crude stocks, while the reported a 3.6 million-barrel decrease, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 400,000 barrels for the week. The EIA also reported that gasoline supply was up by 300,000 barrels, while distillate stockpiles fell by 2.1 million barrels for the week. The S&P Global Platts survey had forecast a supply fall of 200,000 barrels for gasoline, but distillate inventories were expected to rise by 700,000 barrels. Oil prices extended earlier gains shortly after the supply data, with May West Texas Intermediate crude up $2.23, or 3.7%, at $62.41 a barrel on the New York Mercantile Exchange. Prices were trading at $61.57 .
12:48 p.m. April 13, 2021 - By Myra P. Saefong
API reports a weekly decline in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 3.6 million barrels for the week ended April 9, according to sources. The data also reportedly showed gasoline stockpiles up by 5.6 million barrels, while distillate inventories declined by 3 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, were up 917,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 2.9 million barrels, according to survey of analysts conducted by S&P Global Platts. It also forecast an inventory decline of 200,000 barrels for gasoline and supply gain of 700,000 barrels for distillates. May West Texas Intermediate crude was at $60.37 barrel in electronic trading, compared with at $60.18 on the New York Mercantile Exchange.
6:39 a.m. April 7, 2021 - By Myra P. Saefong
EIA reports a more than 3 million-barrel weekly fall in U.S. crude supplies, but product stocks riseThe that U.S. crude inventories fell by 3.5 million barrels for the week ended April 2. IHS Markit had forecast a decline of 700,000 barrels, while the reported a 2.6 million-barrel decrease, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub declined by 800,000 barrels for the week. The EIA reported, however, that gasoline supply was up by 4 million barrels, while distillate stockpiles climbed 1.5 million barrels for the week. IHS Markit forecast weekly supply increases of 200,000 barrels for gasoline and 500,000 barrels for distillates. Oil prices pared some of their losses shortly after the supply data. May West Texas Intermediate crude was down 23 cents, or 0.4%, at $59.10 a barrel on the New York Mercantile Exchange. Prices were trading at $58.98 .
6:38 a.m. March 31, 2021 - By Myra P. Saefong
EIA reports a surprise weekly decline in U.S. crude suppliesThe that U.S. crude inventories fell by 900,000 barrels for the week ended March 26. IHS Markit had forecast an increase of 600,000 barrels, while the reported a 3.9 million-barrel increase, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub climbed by 800,000 barrels for the week. The EIA also reported that gasoline supply was down by 1.7 million barrels, while distillate stockpiles rose by 2.5 million barrels for the week. IHS Markit forecast weekly supply increases of 400,000 barrels for gasoline and 300,000 barrels for distillates. Oil prices moved up immediately following the supply data, then traded nearly flat. May West Texas Intermediate crude was last down 2 at $60.53 a barrel on the New York Mercantile Exchange. Prices were trading slightly higher at $60.62 .
12:43 p.m. March 30, 2021 - By Myra P. Saefong
API reports a weekly rise of nearly 4 million barrels in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 3.9 million barrels for the week ended March 26, according to sources. The data also reportedly showed gasoline stockpiles down by 6 million barrels, while distillate inventories rose by 2.6 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, were up 904,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. The EIA is expected to show crude inventories up by 600,000 barrels, according to IHS Markit. It also forecast inventory gains of 400,000 barrels for gasoline and 300,000 barrels for distillates. May West Texas Intermediate crude was at $60.47 barrel in electronic trading, compared with at $60.55 on the New York Mercantile Exchange.
6:43 a.m. March 24, 2021 - By Myra P. Saefong
Oil prices pare gains as EIA reports a 5th weekly rise in in U.S. crude suppliesThe that U.S. crude inventories rose by 1.9 million barrels for the week ended March 19. Supplies had climbed in each of the previous four weeks. On average, analysts polled by S&P Global Platts forecast a climb of 1.7 million barrels for crude stocks. The reported a 2.9 million-barrel increase, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub declined by 1.9 million barrels for the week. The EIA also reported that gasoline supply was up by 200,000 barrels, while distillate stockpiles climbed by 3.8 million barrels for the week. The S&P Global Platts survey had forecast supply increases of 900,000 barrels for gasoline and 200,000 barrels for distillate inventories. Oil prices pared some of their gains from the blockage of the key oil following the supply data. May West Texas Intermediate crude was up $1.59 cents, or 2.8%, at $59.35 a barrel on the New York Mercantile Exchange. Prices were at $59.71 .
12:44 p.m. March 23, 2021 - By Myra P. Saefong
API reports a weekly climb of nearly 3 million barrels in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 2.9 million barrels for the week ended March 19, according to sources. The data also reportedly showed gasoline stockpiles down by 3.7 million barrels, while distillate inventories rose by 246,000 barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, were down 2.3 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 1.7 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also shows expectations for inventory gains of 900,000 barrels for gasoline and 200,000 barrels for distillates. May West Texas Intermediate crude was at $57.42 barrel in electronic trading, compared with on the New York Mercantile Exchange.
6:37 a.m. March 17, 2021 - By Myra P. Saefong
EIA reports a weekly climb of more than 2 million barrels in U.S. crude suppliesThe that U.S. crude inventories rose by 2.4 million barrels for the week ended March 12. On average, analysts polled by S&P Global Plats forecast a climb of 400,000 barrels for crude stocks. The reported a 1 million-barrel decline, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub fell by 600,000 barrels for the week. The EIA also reported that gasoline supply was up by 500,000 barrels, while distillate stockpiles inched higher by 300,000 barrels for the week. The S&P Global Platts survey had forecast supply declines of 1.4 million barrels for gasoline and 900,000 barrels for distillate inventories. April West Texas Intermediate crude was down 74 cents, or 1.1%, at $64.06 a barrel on the New York Mercantile Exchange. Prices were at $64.35 .
12:53 p.m. March 16, 2021 - By Myra P. Saefong
API reports a weekly decline of 1 million barrels in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 1 million barrels for the week ended March 12, according to sources. The data also reportedly showed gasoline stockpiles down by 926,000 barrels, while distillate inventories climbed by 904,000 barrels. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories up by 400,000 barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also shows expectations for inventory declines of 1.4 million barrels for gasoline and 900,000 barrels for distillates. April West Texas Intermediate crude was at $64.92 barrel in electronic trading, compared with on the New York Mercantile Exchange.
6:39 a.m. March 10, 2021 - By Myra P. Saefong
EIA reports a nearly 14 million-barrel weekly climb in U.S. crude suppliesThe that U.S. crude inventories rose by 13.8 million barrels for the week ended March 5. That followed a hefty 21.6 million-barrel climb the week before as domestic refinery activity continues to recover from mid-February winter storms in Texas. On average, analysts polled by S&P Global Plats forecast a climb of 2.7 million barrels for crude stocks. The reported a 12.8 million-barrel climb, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub climbed by 500,000 barrels for the week. The EIA also reported that gasoline supply was down 11.9 million barrels, while distillate stockpiles were 5.5 million barrels lower for the week. The S&P Global Platts survey had forecast supply declines of 4.8 million barrels for gasoline and 3.8 million barrels for distillate inventories. April West Texas Intermediate crude was up 22 cents, or 0.3%, at $64.23 a barrel on the New York Mercantile Exchange. Prices were at $64.26 .
12:38 p.m. March 9, 2021 - By Myra P. Saefong
API reports a weekly climb of nearly 13 million barrels in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 12.8 million barrels for the week ended March 5, according to sources. The data also reportedly showed gasoline stockpiles down by 8.5 million barrels, while distillate inventories fell by 4.8 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 295,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories up by 2.7 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also shows expectations for inventory declines of 4.8 million barrels for gasoline and 3.8 million barrels for distillates. April West Texas Intermediate crude was at $63.92 barrel in electronic trading, compared with at $64.01 on the New York Mercantile Exchange.
6:41 a.m. March 3, 2021 - By Myra P. Saefong
EIA reports a more than 21 million-barrel weekly rise in U.S. crude suppliesThe that U.S. crude inventories jumped up by 21.6 million barrels for the week ended Feb. 26. On average, analysts forecast a climb of 1.3 million barrels, according to a survey by S&P Global Platts. The reported a nearly 7.4 million-barrel climb, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub rose by 500,000 barrels for the week. However, petroleum-product stocks dropped as frigid temperatures in mid-February led to a slowdown in Texas refinery activity. The EIA reported that gasoline supply was down 13.6 million barrels, while distillate stockpiles were down 9.7 million barrels for the week. The S&P Global Platts survey had forecast supply declines of 2.9 million barrels for gasoline and 3.9 million barrels for distillate inventories. April West Texas Intermediate crude held onto the bulk of their gains, trading up $1.08, or 1.8%, at $60.83 a barrel on the New York Mercantile Exchange. Prices were at $60.70 .
12:38 p.m. March 2, 2021 - By Myra P. Saefong
API reports a weekly climb of more than 7 million barrels in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by nearly 7.4 million barrels for the week ended Feb. 26, according to sources. The data also reportedly showed gasoline stockpiles fell by 9.9 million barrels, while distillate inventories also declined by about 9.1 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 732,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories up by 1.3 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also shows expectations for inventory declines of 2.9 million barrels for gasoline and 3.9 million barrels for distillates. April West Texas Intermediate crude was at $59.57 barrel in electronic trading, compared with on the New York Mercantile Exchange.
6:40 a.m. Feb. 24, 2021 - By Myra P. Saefong
Oil prices near session highs; EIA reports a weekly rise for U.S. crude supplies, but distillate stocks dropThe that U.S. crude inventories climbed by 1.3 million barrels for the week ended Feb. 19. That defied expectations for an average fall of 4.8 million barrels, according to a survey of analysts polled by S&P Global Platts. The reported a roughly 1 million-barrel increase, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub rose by 2.8 million barrels for the week. Meanwhile, the EIA said gasoline supply was "virtually unchanged," while distillate stockpiles were down 5 million barrels for the week. The S&P Global Platts survey had forecast supply declines of 2.8 million barrels for gasoline and 3.5 million barrels for distillate inventories. April West Texas Intermediate crude climbed to fresh intraday highs after the data, trading up $1.57, or 2.6%, at $63.24 a barrel on the New York Mercantile Exchange. Prices were at $62.73 .
7:07 a.m. Feb. 18, 2021 - By Myra P. Saefong
Oil prices pare losses as EIA reports a more than 7 million-barrel weekly fall in U.S. crude suppliesThe Thursday that U.S. crude inventories declined by 7.3 million barrels for the week ended Feb. 12. The data, which were delayed by a day this week because of the Presidents Day holiday, compared with the average fall of 3.4 million barrels forecast by analysts polled by S&P Global Platts. The reported a 5.8 million-barrel decrease, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub fell by 3 million barrels for the week. Gasoline supply, meanwhile, rose by 700,000 barrels, while distillate stockpiles were down 3.4 million barrels for the week. The S&P Global Platts survey had forecast a supply increase of 2.2 million barrels for gasoline and a decline of 2.2 million barrels for distillate inventories. March West Texas Intermediate crude pared losses, trading down 5 cents, or nearly 0.1%, at $61.09 a barrel on the New York Mercantile Exchange. Prices were at $60.63 .
6:36 a.m. Feb. 10, 2021 - By Myra P. Saefong
Oil prices turn higher as EIA reports a nearly 7 million-barrel weekly drop in U.S. crude suppliesThe Wednesday that U.S. crude inventories fell by 6.6 million barrels for the week ended Feb. 5. The data compared with the average decline of 2.7 million barrels forecast by analysts polled by S&P Global Platts. The reported a 3.5 million-barrel decrease, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged down by 700,000 barrels for the week. Gasoline supply, meanwhile, climbed by 4.3 million barrels, while distillate stockpiles were down 1.7 million barrels for the week. The S&P Global Platts survey had forecast a supply increase of 2.7 million barrels for gasoline and a decline of 1.7 million barrels for distillate inventories. March West Texas Intermediate crude moved up, trading 11 cents, or 0.2%, higher at $58.47 a barrel on the New York Mercantile Exchange. Prices were at $58.18 .
6:40 a.m. Feb. 3, 2021 - By Myra P. Saefong
Oil futures pare gains after EIA reports smaller-than-expected weekly fall in U.S. crude suppliesThe Wednesday that U.S. crude inventories fell by 1 million barrels for the week ended Jan. 29. The data compared with the average decline of 2.4 million barrels forecast by analysts polled by S&P Global Platts. The reported a 4.3 million-barrel decline, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged down by 1.5 million barrels for the week. Gasoline supply, meanwhile, climbed by 4.5 million barrels, while distillate stockpiles were unchanged for the week. The S&P Global Platts survey had forecast a supply increase of 1.5 million barrels for gasoline and a decline of 1.3 million barrels for distillate inventories. March West Texas Intermediate crude , trading 97 cents, or 1.8%, higher at $55.73 a barrel on the New York Mercantile Exchange. Prices were at $55.89 before the supply data.
12:44 p.m. Feb. 2, 2021 - By Myra P. Saefong
API reports a more than 4 million-barrel weekly fall in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 4.3 million barrels for the week ended Jan. 29, according to sources. The data also reportedly showed gasoline stockpiles down by 240,000 barrels, while distillate inventories declined by 1.6 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, fell 1.9 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA are expected to show crude inventories down by 2.4 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also shows expectations for an inventory increase of 1.5 million barrels for gasoline and a decline of 1.3 million barrels for distillates. March West Texas Intermediate crude was at $55.07 a barrel in electronic trading, compared with 6 on the New York Mercantile Exchange.
6:43 a.m. Jan. 27, 2021 - By Myra P. Saefong
Oil futures turn higher after EIA reports a nearly 10 million-barrel weekly drop in U.S. crude suppliesThe that U.S. crude inventories fell by 9.9 million barrels for the week ended Jan. 22. The data compared with the average decline of 1.7 million barrels forecast by analysts polled by S&P Global Platts. The reported a 5.3 million-barrel decrease, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub fell by 2.3 million barrels for the week. Gasoline supply, meanwhile, climbed by 2.5 million barrels, while distillate stockpiles were down by 800,000 barrels. The S&P Global Platts survey had forecast a supply increase of 1.2 million barrels for gasoline and a decline of 800,000 barrels for distillate inventories. March West Texas Intermediate crude moved up after the data, trading 26 cents, or 0.5%, higher at $52.87 a barrel on the New York Mercantile Exchange. Prices were at $52.50 .
12:41 p.m. Jan. 26, 2021 - By Myra P. Saefong
API reports a more than 5 million-barrel weekly fall in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies declined by 5.3 million barrels for the week ended Jan. 22, according to sources. The data also reportedly showed gasoline stockpiles rose by nearly 3.1 million barrels, while distillate inventories climbed by 1.4 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, declined by 3.5 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA are expected to show crude inventories down by 1.7 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also shows expectations for an inventory increase of 1.2 million barrels for gasoline and a decline of 800,000 barrels for distillates. March West Texas Intermediate crude was at $52.72 a barrel in electronic trading, compared with on the New York Mercantile Exchange.
7:14 a.m. Jan. 22, 2021 - By Myra P. Saefong
Oil futures extend losses after EIA reports a surprise weekly increase in U.S. crude suppliesThe Friday that U.S. crude inventories rose by 4.4 million barrels for the week ended Jan. 15. The data, which were delayed by two days because of Monday's Martin Luther King, Jr. holiday and Wednesday's U.S. presidential inauguration, compared with the average decline of 2.5 million barrels forecast by analysts polled by S&P Global Platts. The a 2.6 million-barrel increase. The EIA data also showed crude stocks at the Cushing, Okla., storage hub declined by 4.7 million barrels for the week. Gasoline supply, meanwhile, fell by 300,000 million barrels, while distillate stockpiles were up by 500,000 barrels. The S&P Global Platts survey had forecast supply increases of 2.7 million barrels for gasoline and 600,000 barrels for distillates. March West Texas Intermediate crude extended losses after the data, trading down 67 cents, or 1.2%, at $52.46 a barrel on the New York Mercantile Exchange. Prices were at $52.49 .
6:35 a.m. Jan. 6, 2021 - By Myra P. Saefong
Oil futures head higher after EIA reports an 8 million-barrel weekly drop in U.S. crude suppliesOil futures headed higher on Wednesday after the that U.S. crude inventories fell by 8 million barrels for the week ended Jan. 1. That compared with the decline of 1.2 million barrels forecast by IHS Markit analysts. The reported a 1.7 million-barrel fall in crude supplies, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 800,000 barrels for the week. Gasoline supply, meanwhile, climbed by 4.5 million barrels, while distillate stockpiles were up by 6.4 million barrels. IHS Markit had forecast supply increases of 1.4 million for gasoline and 2.2 million for distillates. February West Texas Intermediate crude rose, trading up by 38 cents, or 0.8%, at $50.31 a barrel on the New York Mercantile Exchange. Prices traded at $49.89 .
12:45 p.m. Jan. 5, 2021 - By Myra P. Saefong
API reports a 1.7 million-barrel weekly decline in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 1.7 million barrels for the week ended Jan. 1, according to sources. The data also reportedly showed gasoline stockpiles up by 5.5 million barrels, while distillate inventories climbed by 7.1 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 1 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. Analysts at IHS Markit expect the EIA to report a decline of 1.2 million barrels in crude supplies. They also expect inventory increases of 1.4 million for gasoline and 2.2 million for distillates. February West Texas Intermediate crude was at $49.88 a barrel in electronic trading, compared with on the New York Mercantile Exchange.
6:38 a.m. Dec. 16, 2020 - By Myra P. Saefong
EIA reports a more than 3 million-barrel weekly decline in U.S. crude suppliesThe Wednesday that U.S. crude inventories fell by 3.1 million barrels for the week ended Dec. 11. That compared with the average decline of 1.9 million barrels forecast by analysts polled by S&P Global Platts. The reported a 1.97 million-barrel increase, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 200,000 barrels for the week. Gasoline supply, meanwhile, rose by 1 million barrels, while distillate stockpiles were up by 200,000 barrels. The S&P Global Platts survey had forecast supply increases of 2.6 million barrels for gasoline and 1.1 million barrels for distillates. January West Texas Intermediate crude turned higher after the data, trading up 7 cents, or nearly 0.2%, at $47.69 a barrel on the New York Mercantile Exchange. Prices were at $47.54 .
6:39 a.m. Dec. 9, 2020 - By Myra P. Saefong
EIA reports a more than 15 million-barrel weekly jump in U.S. crude suppliesThe Wednesday that U.S. crude inventories rose by 15.2 million barrels for the week ended Dec. 4. That compared with the average decline of 700,000 barrels forecast by analysts polled by S&P Global Platts. The reported a 1.1 million-barrel rise, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged down by 1.4 million barrels for the week. Gasoline supply, meanwhile, climbed by 4.2 million barrels, while distillate stockpiles were up by 5.2 million barrels. The S&P Global Platts survey had forecast supply increases of 2.2 million barrels for gasoline and 1.2 million barrels for distillates. January West Texas Intermediate crude turned lower, trading down 14 cents, or 0.3%, at $45.46 a barrel on the New York Mercantile Exchange. Prices traded at $46.01 .
12:39 p.m. Dec. 8, 2020 - By Myra P. Saefong
API reports a more than 1 million-barrel weekly climb in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 1.1 million barrels for the week ended Dec. 4, according to sources. The data also reportedly showed gasoline stockpiles up by 6.4 million barrels, while distillate inventories climbed by 2.3 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged down by nearly 1.85 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA data are expected to show crude inventories down by 700,000 barrels last week, according to a survey of analysts conducted by S&P Global Platts, which also forecast supply increases of 2.2 million barrels for gasoline and 1.2 million barrels in distillates. January West Texas Intermediate crude was at $44.45 a barrel in electronic trading, down at $45.60 on the New York Mercantile Exchange.
6:36 a.m. Dec. 2, 2020 - By Myra P. Saefong
EIA reports a smaller-than-expected decline in weekly U.S. crude suppliesThe that U.S. crude inventories fell by 700,000 barrels for the week ended Nov. 27. That compared with the decline of 1.7 million barrels forecast by IHS Markit. The , however, reported a 4.15 million-barrel climb, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged down by 300,000 barrels for the week. Gasoline supply, meanwhile, climbed by 3.5 million barrels, while distillate stockpiles were up by 3.2 million barrels. IHS Markit had forecast supply climbs of 2 million barrels for gasoline and 100,000 barrels for distillates. January West Texas Intermediate crude was up 40 cents, or 0.9%, at $44.95 a barrel on the New York Mercantile Exchange. Prices traded at $44.84 .
7:57 a.m. Nov. 19, 2020 - By Michael Ashbaugh
Charting a bull-trend pullback, S&P 500 ventures under first support Focus: Airlines sustain vaccine-fueled technical breakout, Target tags record highs, JETS, TGT, HLT, JCI, METU.S. stocks are mixed early Thursday, vacillating after a lackluster batch of economic data and amid renewed concerns over pending economic lockdowns. Against this backdrop, the S&P 500 and Dow industrials have extended a thus far relatively orderly pullback from Monday’s record closes.
6:49 a.m. Nov. 18, 2020 - By Myra P. Saefong
EIA reports an 800,000-barrel weekly climb in U.S. crude suppliesThe that U.S. crude inventories rose by 800,000 barrels for the week ended Nov. 13. That was bigger than the 100,000-barrel climb forecast by analysts polled by S&P Global Platts, but the a much larger 4.2 million-barrel increase, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 1.2 million barrels for the week. Gasoline supply, meanwhile, rose by 2.6 million barrels, while distillate stockpiles declined by 5.2 million barrels. The S&P Global Platts survey had shown expectations for a supply climb of 300,000 barrels for gasoline and decline of 1.8 million barrels for distillates. December West Texas Intermediate crude was up 37 cents, or 0.9%, at $41.80 a barrel on the New York Mercantile Exchange. Prices traded at $41.90 .
7:07 a.m. Nov. 12, 2020 - By Myra P. Saefong
EIA reports an unexpected weekly climb in U.S. crude suppliesThe that U.S. crude inventories climbed by 4.3 million barrels for the week ended Nov. 6. The data, which were released a day later than usual because of Wednesday's Veterans Day holiday, defied expectations for a 3 million-barrel decline forecast by analysts polled by S&P Global Platts. The a fall of 5.1 million barrels. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged down by 500,000 barrels for the week. Gasoline supply, meanwhile, fell by 2.3 million barrels, while distillate stockpiles declined by 5.4 million barrels. The S&P Global Platts survey had shown expectations for supply declines of 600,000 barrels for gasoline and 2 million barrels for distillates. December West Texas Intermediate crude was up 16 cents, or 0.4%, at $41.61 a barrel on the New York Mercantile Exchange. Prices traded at $42.09 .
12:48 p.m. Nov. 10, 2020 - By Myra P. Saefong
API data reveal a more than 5 million-barrel weekly decline in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies declined by 5.1 million barrels for the week ended Nov. 6, according to sources. The data also reportedly showed gasoline stockpiles down by 3.3 million barrels, while distillate inventories fell by 5.6 million barrels. Crude stocks at the Cushing, Okla. storage hub, meanwhile, edged down by 1.2 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be delayed to Thursday because of . The EIA data are expected to show crude inventories down by 3 million barrels last week, according to analysts polled by S&P Global Platts. They also forecast supply declines of 600,000 barrels for gasoline and 2 million barrels in distillates. December West Texas Intermediate crude was at $41.73 a barrel in electronic trading, up from on the New York Mercantile Exchange.
6:40 a.m. Nov. 4, 2020 - By Myra P. Saefong
EIA reports a weekly decline of 8 million barrels in U.S. crude suppliesThe Wednesday that U.S. crude inventories declined by 8 million barrels for the week ended Oct. 30. That matched the fall reported by the , according to sources. On average, however, analysts polled by S&P Global Platts forecast a weekly decrease of 600,000 barrels. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 900,000 barrels for the week. Gasoline supply, meanwhile, rose by 1.5 million barrels, while distillate stockpiles declined by 1.6 million barrels. The S&P Global Platts survey had shown expectations for supply declines of 1.1 million barrels for gasoline and 2.4 million barrels for distillates. December West Texas Intermediate crude was up 75 cents, or 2%, at $38.41 a barrel on the New York Mercantile Exchange. Prices traded at $38.35 .
12:52 p.m. Nov. 3, 2020 - By Myra P. Saefong
API data reveal an 8 million-barrel decline in weekly U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies declined by 8 million barrels for the week ended Oct. 30, according to sources. The data also reportedly showed gasoline stockpiles rose by nearly 2.5 million barrels, while distillate inventories were down by 577,000 barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 981,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories down by 600,000 barrels last week, according to analysts polled by S&P Global Platts. They also forecast supply declines of 1.1 million barrels for gasoline and 2.4 million barrels in distillates. Ahead of the EIA report and , December West Texas Intermediate crude was at $38.07 a barrel in electronic trading, up from 6 on the New York Mercantile Exchange.
6:36 a.m. Oct. 28, 2020 - By Myra P. Saefong
EIA reports first weekly U.S. crude supply climb in 3 weeks The that U.S. crude inventories rose by 4.3 million barrels for the week ended Oct. 23. That followed declines in each of the previous two weeks. On average, analysts polled by S&P Global Platts forecast a weekly climb of 200,000 barrels, while the reported an increase of nearly 4.6 million barrels, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged down by 400,000 barrels for the week. Gasoline supply, meanwhile, fell by 900,000 barrels, while distillate stockpiles declined by 4.5 million barrels. The S&P Global Platts survey had shown expectations for supply declines of 700,000 barrels for gasoline and 2.5 million barrels for distillates. December West Texas Intermediate crude was down $2.17, or 5.5%, at $37.40 a barrel on the New York Mercantile Exchange. Prices traded at $37.30 .
5:05 a.m. Oct. 22, 2020 - By Andrew Keshner
Power companies in many states are allowed to cut service again — how to keep the heat on this winter if you’re cash-strapped There could be a rise in utility and heating costs this winter, according to a federal agency’s forecast.There could be a rise in utility and heating costs this winter, according to a federal agency’s forecast.
6:39 a.m. Oct. 21, 2020 - By Myra P. Saefong
EIA data show U.S. crude supplies down a second weekThe that U.S. crude inventories fell by 1 million barrels for the week ended Oct. 16. That followed a 3.8 million-barrel decline the week before. On average, analysts polled by S&P Global Platts forecast a weekly decrease of 1.9 million barrels, while the reported an increase of 584,000 barrels, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 1 million barrels for the week. Gasoline supply, meanwhile, climbed by 1.9 million barrels, while distillate stockpiles fell by 3.8 million barrels. The S&P Global Platts survey had shown expectations for supply declines of 1.6 million barrels for gasoline and 3 million barrels for distillates. December West Texas Intermediate crude was down 77 cents, or 1.9%, at $40.93 a barrel on the New York Mercantile Exchange. Prices traded at $41.01 .
7:09 a.m. Oct. 15, 2020 - By Myra P. Saefong
EIA reports weekly decline of nearly 4 million barrels in U.S. crude suppliesThe that U.S. crude inventories fell by 3.8 million barrels for the week ended Oct. 9. The data, which was delayed by a day because of Monday's U.S. federal holiday, followed a 500,000-barrel increase in the previous week. On average, analysts polled by S&P Global Platts forecast a weekly decline of 2.3 million barrels, while the reported a decline of 5.4 million barrels. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 2.9 million barrels for the week. Gasoline supply, meanwhile, declined by 1.6 million barrels, while distillate stockpiles fell by 7.2 million barrels. The S&P Global Platts survey had shown expectations for supply declines of 1.8 million barrels for gasoline and 2.5 million barrels for distillates. November West Texas Intermediate crude was down $1.11, or 2.7%, at $39.92 a barrel on the New York Mercantile Exchange. Prices traded at $39.75 .
12:44 p.m. Oct. 14, 2020 - By Myra P. Saefong
API data show weekly U.S. crude supplies down over 5 million barrels, sources sayThe American Petroleum Institute reported late Wednesday that U.S. crude supplies fell by 5.4 million barrels for the week ended Oct. 9, according to sources. The API data, which was delayed by a day because of Monday's U.S. federal holiday, also reportedly showed gasoline stockpiles down by 1.5 million barrels, while distillate inventories declined by 3.9 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 2.2 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Thursday. The EIA data are expected to show crude inventories down by 2.3 million barrels last week, according to analysts polled by S&P Global Platts. They also forecast supply declines of 1.8 million barrels for gasoline and 2.5 million barrels in distillates. November West Texas Intermediate crude was at $41.10 a barrel in electronic trading, little changed from $41.04 on the New York Mercantile Exchange.
6:37 a.m. Oct. 7, 2020 - By Myra P. Saefong
EIA reports first weekly U.S. crude supply climb in a monthThe that U.S. crude inventories rose by 500,000 barrels for the week ended Oct. 2. That followed three consecutive weeks of declines and compared with an average fall of 2 million barrels expected by analysts polled by S&P Global Platts. The had reported a rise of 951,000 barrels, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 400,000 barrels for the week. Gasoline supply, meanwhile, fell by 1.4 million barrels, while distillate stockpiles declined by 1 million barrels. The S&P Global Platts survey had shown expectations for supply declines of 800,000 barrels for gasoline and 2.9 million barrels for distillates. November West Texas Intermediate crude was down $1.13, or 2.8%, at $39.54 a barrel on the New York Mercantile Exchange. Prices traded at $39.57 .
12:44 p.m. Oct. 6, 2020 - By Myra P. Saefong
API data reveal an unexpected climb in U.S. crude supplies, sources sayThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 951,000 barrels for the week ended Oct. 2, according to sources. The API data also reportedly showed gasoline stockpiles down by 867,000 barrels, while distillate inventories fell by 1.03 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 749,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories down by 2 million barrels last week, according to analysts polled by S&P Global Platts. They also forecast supply declines of 800,000 barrels for gasoline and 2.9 million barrels in distillates. November West Texas Intermediate crude was at $39.83 a barrel in electronic trading, at $40.67 on the New York Mercantile Exchange. Prices were already falling in electronic trading after that he told his team to stop negotiating with congressional Democrats on a stimulus package until after the election.
Browse topics:

Filter results by

Location

Us (238)

Asia Pacific (50)

Europe (50)

Africa/mideast (48)

China (29)

Eu (27)

Link to MarketWatch's Slice.