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NY Mercantile . Currency in USD
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  • Market Realist5 days ago

    US Distillate Inventories Are near a 7-Year High

    The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 0.7 MMbbls to 170.1 MMbbls from February 3–10, 2017.

  • Why The Huge Inventory Build Didn’t Crash Oil Prices
    Oilprice.com11 days ago

    Why The Huge Inventory Build Didn’t Crash Oil Prices

    The 2nd biggest inventory build ever recorded in the U.S. last Tuesday didn’t crash oil prices and isn’t likely to be a renewed supply/demand apocalypse

  • Reuters13 days ago

    U.S. crude stocks surge, gasoline draws down unexpectedly - EIA

    U.S. crude stockpiles surged last week, driven by a big rise in imports and inventory build at the key oil hub at Cushing, Oklahoma, while gasoline drew down unexpectedly, the Energy Information Administration said on Wednesday. Crude inventories were up 13.8 million barrels in the week to Feb. 3, compared with expectations for an increase of 2.5 million barrels. Crude imports jumped, rising 1.1 million barrels per day, with a big increase in imports at the Gulf Coast, where crude stocks rose by 10.9 million barrels, the largest weekly rise on record, to 267.6 million barrels.