NEW YORK, April 14 (Reuters) – U.S. crude oil futures extended their gains on Wednesday, rising more than $1, after government oil inventory data showed crude oil stocks fell last week, against expectations for a build. The U.S. Energy Information Administration’s report said crude oil stockpiles fell 2.2 million barrels, against a forecast for stocks… read more
Tag Archives: Energy Stocks
EIA Energy Stocks [4/7/2010]
NEW YORK, April 7 (Reuters) – U.S. crude oil inventories rose slightly more than expected last week while gasoline stockpiles showed a steep drawdown, a government report showed on Wednesday. Distillate inventories showed a surprise build in the week to April 2, while refinery utilization rose more than analysts had forecast, according to the weekly… read more
Crude oil reaches new 18-month high. Will it continue? [chart]
Crude oil traded out of the 5-wave continuation pattern on March 29. The new bullish upward swing was confirmed after the market posted a low pivot on March 26, followed by a close above the up-sloping median line on March 31. This pattern can be a very important marker in a trending market because it usually marks the… read more
Department of Energy reporting error
According to the Wall Street Journal, the U.S. Energy Department discovered a problem in the way that it collects data and will soon be reducing the amount of U.S. natural gas production that it has been reporting. June natural gas is trading higher.… read more
EIA Energy Stocks Report [3/17/2010]
The U.S. Department of Energy (DOE) said that crude oil supplies were up 1.0 million barrels last week to 344.0 million barrels. Supplies of gasoline were down 1.7 million barrels and heating oil supplies were down 1.4 million barrels. The DOE also said that refinery use slipped from 80.7% to 80.6% of capacity last week.… read more
EIA Energy Stocks Report [3/10/2010]
03/10 09:59 CST Crude oil stockpiles climb by 1.4 million barrels Crude oil stockpiles climb by 1.4 million barrels By DEBORAH JIAN LEE AP Energy Writer NEW YORK (AP) — Crude inventories rose less than expected last week, while gasoline supplies dropped, the government said Wednesday. Crude inventories rose by 1.4 million barrels, or 0.4… read more