Selling Crude Oil After Buildup in EIA Inventories
Crude Oil has been gaining this week, but WTI is finding resistance at the 100 SMA now and EIA inventories posted another buildup Full Article
Oil Downtrend in Question on OPEC Meeting, EIA Inventories and FED
Crude Oil reversed lower from the 100 daily SMA last week, but bounced higher yesterday after the softer US earnings report Full Article
WTI Oil Keeping the Bullish Momentum, Despite the Huge EIA Crude Inventory Buildup
The EIA inventory showed a buildup of more than 10 million barrels last week, although that didn't hurt Oil much Full Article
WTI Crude Oil Surges After US Stockpile Decline Reveals Strong Demand
WTI crude oil continues its bull run after soaring to a seven year high in the previous session, supported by a drawdown in US crude Full Article
WTI Crude Oil Rallies As EIA Reports 2.979M Barrel Deficit
The past three days have been big for WTI crude oil prices, nearly erasing losses from the previous seven-day losing streak. Full Article
EIA Reports A 3.234 Million Barrel Draw On U.S. Oil Supplies
Despite today’s 3+ million barrel EIA supply draw, the August crude oil pullback rolls on. Full Article
EIA Reports Slight Drop In The U.S. Oil Supply
WTI crude oil and USOIL are well off yearly highs through the first 11 days of the month. Thus far in August, USOIL is down more than 7%. Full Article
EIA Reports 3.626 Million Barrel Weekly Rise In U.S. Supply
Right now, USOIL is in a freefall. Prices are down more than 1% since this morning’s EIA report. Full Article
EIA Reports 7.614 Million Barrel Supply Draw
Well, the numbers don’t lie ― crude oil and refined fuel consumption are up in concert with summertime in the Northern Hemisphere. Full Article
Crude Oil Supplies Up, EIA Reports 1.321 Million Barrel Build
Aside from the modest week-over-week build in supply, talks between U.S. and Iran have prompted bearish crude oil sentiment. Full Article
USD/CAD Reverses at the 100 SMA, As US Oil Inventories Post A Big Decline
USD/CAD resumed the bearish trend again, as Oil inventories fell Full Article
WTI Crude Oil Prices Weaken as EIA Reports Build in US Gasoline Inventories
WTI crude oil is trading bearish, with prices driven lower by a surprising build in US gasoline inventories over the previous week, raising Full Article
WTI Crude Oil Exhibits Cautious Optimism Ahead of OPEC+ Meeting
WTI crude oil is trading bullish and recovering some of the losses incurred over the previous session as markets eagerly look forward to the Full Article
WTI Crude Oil Slips After Overnight Gains – Europe’s Demand Worries Weigh
WTI crude oil prices fell by more than 2% in early trading on Thursday, reversing gains from the previous session as traders continued to Full Article
WTI Crude Oil Prices Dip Again – Europe’s Pandemic Fears in Focus
WTI crude oil prices are weakening again over rising worries about the pandemic's impact on Europe's economy as more countries impose Full Article
