|Bid||50.12 x 1800|
|Ask||85.01 x 1100|
|Day's Range||52.95 - 53.25|
|52 Week Range||50.15 - 54.14|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||2.70%|
|Beta (5Y Monthly)||0.95|
|Expense Ratio (net)||0.25%|
US crude stockpiles grew by less than half of forecast levels while gasoline and distillate balances saw modest changes as well in one of the least consequential weekly inventory reports for the year, released on Wednesday by the government. The US crude inventory balance rose by 0.773 million barrels during the week ended Oct 20, the Energy Information Administration, or EIA, said in its Weekly Petroleum Status Report. Analysts on Wall Street energy desks had expected the EIA to report an inventory build of 1.802M barrels for the just-ended week, a consensus of their forecasts showed.
Crude prices rose for the first time in four days, with global benchmark Brent recapturing key $90 per barrel pricing, as traders braced for the possibility of contagion from the Israel-Hamas war that could disrupt oil traffic in the Middle East — despite little evidence of such impact. The rebound came despite a surprise tick up in stockpiles of both crude oil and gasoline in the United States last week. New York-traded West Texas Intermediate, or WTI, crude for December delivery, settled at $85.39, up $1.65, or 2% on the day.
US crude oil stocks rose above the consensus of Wall Street analysts, with an unexpected rise at the federal level and at the storage hub tied to the delivery of contracts traded on the New York Mercantile Exchange, a government report showed Wednesday. The build in crude inventories for the week ended Oct. 20 came after a drop in exports, the Weekly Petroleum Status Report of the Energy Information Administration, or EIA, showed. The US crude inventory balance rose by 1.372 million barrels during the week ended October 20, according to the EIA, versus analysts' consensus for a drop of 0.45M barrels.