After last week's much larger than expected drawdown in oil inventories, this week's report showed a partial rebuild. While the consensus forecast was for a build of 1 million barrels, the actual increase was much greater at 1.762 million barrels. As a result crude oil prices are getting whacked with oil trading down more than $2. Heading into the coldest...

... ? York. The inventory data showed US crude oil inventories gained 3,347K barrels, ... a 1,707K barrel rise in gasoline inventories. US Q3:09 GDP was revised to a growth ... gain in refinery utilization, API distillate inventories contracted 2,360K barrels, which is an indication ... pricing in gains in the US equity market today . Crude continues to have a high a positive correlation with US equities. ...

... the nation’s thirst for fuel. U.S. inventories of crude oil and refined products rose last week as refinery ... according to data released Thursday by the U.S. Department of Energy. The report was more bearish than analysts expected. Crude oil stockpiles added 1.76 million barrels ... American Petroleum Institute, an industry group, reported Tuesday that inventories rose by 1.2 million barrels.

Crude oil prices were trading lower today after the release of the EIA Crude Oil Inventories report. The larger than expected decline in crude oil stocks proved to be better than its economic forecast, however, it was not enough to support a rise 10 Vote(s)

The weekly oil inventory data from the Department of Energy is out with some very mixed data.   The headline data on crude may be a shocker, but the rest of the data is counteracting it somewhat.  We are watching the Oil Services HOLDRs (NYSE: OIH), the Ultra Oil & Gas ProShares (NYSE: DIG), the United

Crude oil prices ended lower for the abbreviated Thanksgiving week as the action early on fell just shy of the ... $80.00 level generating technical selling while fears of rising inventories exacerbated the move that drove prices to a key Support point at ... Trading stabilized mid-week just ahead of the holiday on position squaring while the DOE reported inventories rose less than analysts had predicted.

... reacted on the growth of the oil price with the decrease of the inventories. The rising U.S. stock markets also ... as 1.4667 intraday. Wholesale inventories increased by 0.3% in October, ... by 0.5%. U.S. crude oil inventories lost 3.8 million barrels ... ;same week, the total motor gasoline inventories gained 2.2 million barrels. Both ...

... of new supplies in 2010, eroding the huge stockpiles of crude which have mounted around the world since the start of the global economic crisis. ... assessed around 28.9 million bpd, crude oil inventories could fall by almost 150 million barrels next ... the economic recovery is not coming in energy-intensive or oil-intensive sectors. We may still be seeing people being careful about consumption — ...

... of 900,000 barrels of the U.S.’s crude oil stockpile is keeping oil prices aloft this morning. U.S. commercial crude oil inventories declined by almost a million barrels last week from the prior week, the Department of Energy reported this morning. The Industry ... . to build 300,000 barrels last week. Light sweet crude futures for delivery in December rose 57 cents to $79 ...

... 80 dollars amid high energy inventories in the United States, the world’s biggest ... makes dollar-denominated commodities — like crude oil and gold — more expensive for buyers ... raw materials, eventually weighing on prices. Oil under 78 dollars a barrel was “a buying ... Gertz energy consultancy in Singapore. “The oil market has shown resistance against breaking through the 80 ...

... late on Tuesday that crude inventories in the world’’s top oil consumer fell ... 7 percent this month. London Brent crude gained 78 cents to $75.97. ... days have been partly driven by a recovery in the dollar. Oil is priced in dollars so a rise in the currency makes ... weeks with no return to backwardation until well into 2010 as U.S. oil demand stays relatively weak. Further pointers on U. ...

... the Energy Information Administration. Things are not looking too great for crude today, yet DUG has not had the price fluctuation to reflect the ... mild temperatures in the U.S. for December, could push crude oil prices in a correction lower." ... expect the market to be moving down and expectations to be for higher inventories. The market, overall, is pretty neutral, but I am expecting it to lose ...

... service sector data and rising U.S. oil inventories outweighed losses in the dollar. Data ... watched monthly payroll data. "Crude oil futures are flat at this time as energy ... liquidity in the banking sector. Investors have taken cash out of oil and other commodities and into safe haven plays like the dollar at times ... told reporters the OPEC nation preferred oil prices remain in the $70-80 a barrel ...

... s worst recession in decades sapped demand for crude. The benchmark crude oil contract for January delivery settled at ... , hitting a seven-week low on high global inventories and the strong dollar. Ministers from several key Arab OPEC ... weaker compliance by some of its members – a slippage that has become more pronounced as oil prices climbed. The overwhelming majority of OPEC nations ...

... after steep falls the previous day following a surprise jump in US crude inventories, analysts said. The market was also boosted by news that the ... 76.91 dollars per barrel in London trading. "Crude oil rose slightly, supported by a weaker US dollar ... weaker level of the greenback makes dollar-priced oil cheaper for buyers using stronger currencies. This therefore tends to stimulate demand ...