U.S. Oil Imports Decline; Crude Inventories tumble;

Crude Reserves   Observing the U.S. crude reserves, they had the biggest one-week fall down since December. It happened last week as imports fell down roughly. Furthermore, inventories of refined products also declined. Helping aliment of oil prices that were down by worries about oversupply. Crude inventories USOILC=ECI fell 5.2 million barrels in the week [...]

By | 2017-05-10T17:58:09+00:00 May 10th, 2017|Financial, Governments, International, Oil Market|0 Comments

Oil market Pressure remains Inevitable, but prices Went UP a bit this morning

  A short revision & Today's prices Followed by last week’s huge losses, Oil prices recovered today. Inspired by OPEC’s ideas to extend a supply cuts in next 6 months, it made a market prices rise. While the relentless rise in U.S. oil outputs is making a fuss on supply’s side. “U.S. West Texas Intermediate [...]

By | 2017-04-24T18:39:51+00:00 April 24th, 2017|Financial, International, Oil Market|0 Comments