The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose sharply for the second week in a row, this time gaining an additional 19.10 million barrels in the week ending July 11. That’s on top of last week’s 7.1 million barrel build. It is the largest single week build reported
WTI remains supported as Houthi rebel attacks in the Red Sea escalate. The EIA report reveals a surprise build in US stockpiles, but geopolitical risks offset increased supply. WTI Crude Oil remains supported by $65.00 support as resistance holds at the 200-day moving average above $68.00. WTI Crude Oil is trading higher on Wednesday as
Global commodities appear set for a strong second half of 2025, driven by expectations of major economic stimulus from China, recovering steel prices, and fresh momentum in both industrial and precious metals. Peter McGuire, CEO at Trading.com, shared an upbeat outlook across key segments in a recent interview, saying a mix of macro shifts and
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose this week, this time by 680,000 barrels in the week ending June 27 after analysts had estimated a 2.26-million-barrel draw. The build ends a series of API-reported draws over the last five weeks that total more than 22 million barrels—an
By Julianne Geiger – Jun 25, 2025, 9:46 AM CDT Crude oil inventories in the United States fell by 5.8 million barrels during the week ending June 20, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The drop brings commercial stockpiles to 415.1 million barrels, roughly 11% below the
Chevron continues to clean up toxic chemicals spewed into the air, soil and water after an oil and gas well in Weld County blew out in April due to equipment-installation failures, the company announced this week. The company submitted its root-cause analysis to the Colorado Energy and Carbon Management Commission on Tuesday and then released
A diversified commodity fund might suit your needs. But watch those fees—and the wacky tax treatment. Budget deficits are going to be insane. Moody’s belatedly admits that the U.S. Treasury is a questionable debtor. God knows what new surprises are coming from Washington. What about having a commodity as an inflation hedge? Gold is hot,
By Julianne Geiger – May 14, 2025, 9:36 AM CDT Crude oil inventories in the United States saw an increase of 4 million barrels during the week ending May 9, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.287 million barrels in the week ending May 9—a shock after analysts had estimated a 2.4-million-barrel draw. The API reported a 4.49 million barrel inventory decrease in the prior week. So far this year, crude oil inventories are up
May 12, 2025 11:12 AM IST US Stock Market Live: Asian Pharma Stocks Tumble Shares of Asian pharmaceutical companies fell after US President Donald Trump said he planned to order a cut in US prescription drug costs to bring them in line with other countries. Drugmakers were the worst-performing sector in Japan on Monday, dragging