-
The Commodities Feed: Big drop in US gasoline stocks
Oil prices strengthened yesterday with ICE Brent seeing its biggest gain since the end of February, settling 2% up on the day, taking it back above US$70/bbl. A lower-than-expected increase in US crude oil inventories supported the market, while better-than-expected US consumer price inflation data also helped sentiment. Energy Information Administration (EIA) data shows that US commercial crude oil inventories increased by 1.45m barrels over the last week. That’s less than the roughly 2m barrel build the market was expecting – and below the 4.2m barrel increase the American Petroleum Institute (API) reported the ... (full story)
- Comments
- Subscribe
-
- Older Stories
From bnnbloomberg.ca|Mar 12, 2025Chevron Corp. is looking to replace Venezuelan oil at its refineries with supplies from Mexico, Brazil and the Middle East after the Trump administration ordered the company to ...
From marketpulse.com|Mar 12, 2025Brent crude prices are up around 1.55% at the time of writing as the commodity attempts a sustained recovery. U.S. government data revealed that oil and fuel supplies are lower ...
From oilprice.com|Mar 12, 2025On Tuesday, U.S. President Donald Trump threatened to double his planned tariffs on Canadian steel and aluminum from 25% to 50%. Trump said his latest move comes in response to a ...
-
- Newer Stories
From forex.com|Mar 12, 2025I noted in recent weeks that the downtrend on WTI crude oil has lacked bearish enthusiasm from futures traders. Data from the weekly Commitment of Traders (COT) report shows that ...
From brecorder.com|Mar 13, 2025Oil prices eased on Thursday after surging the day before as worries about the impact of intensifying tariff wars on global economic growth and energy demand outweighed the ...
From channelnewsasia.com|Mar 13, 2025The Bank of Japan is expected to keep its key interest rate steady at its March 19 meeting, with over two-thirds of economists expecting a 25-basis-point hike to 0.75 per cent in ...
- Story Stats
- Posted: Mar 12, 2025 10:59pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 80
