- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: raw news — 12-12-2018.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.2 million barrels from the previous week. At 442.0 million barrels, U.S. crude oil inventories are about 7% above the five year average for this time of year.
Total motor gasoline inventories increased by 2.1 million barrels last week and are about 3% above the five year average for this time of year. Finished gasoline and blending components inventories both increased last week.
Distillate fuel inventories decreased by 1.5 million barrels last week and are about 8% below the five year average for this time of year. Propane/propylene inventories decreased by 3.2 million barrels last week and are about 5% below the five year average for this time of year. Total commercial petroleum inventories decreased last week by 6.0 million barrels last week.
Saudi Arabia Crude Production Surges in November, by 377,000 B/D
Global Oil Supply Hit 100.64 Mln B/D in November
OPEC Maintains Demand Forecasts for 2018, 2019
OECD Oil Inventories Rose to 3.883 Bln Barrels in Oct
Brent crude, the global benchmark, was trading up 1.7% at $61.22 a barrel on London's Intercontinental Exchange.
West Texas Intermediate futures, the U.S. oil standard, were up 1.9% at $52.62 a barrel on the New York Mercantile Exchange.
The American Petroleum Institute, an industry group, reported late Tuesday that U.S. stockpiles of crude oil had reduced by 10.2 million barrels last week. The drop was considerably larger than market expectations of a 3.5 million barrel decline, according to analysts at ING Bank. The U.S. Energy Information Administration is set to release official inventory figures for last week on Wednesday.
| Raw materials | Closed | Change, % |
|---|---|---|
| Brent | 60.55 | 0.98 |
| WTI | 52.07 | 2.04 |
| Silver | 14.53 | 0.14 |
| Gold | 1242.822 | -0.1 |
| Palladium | 1244.8 | 1.12 |
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
