Commodity Trade Mantra

Posts Tagged ‘Crude Oil Inventory’

Will The Rally In Crude Oil Prices End Today?

The market sell off on product market concerns did not lead any notable change in crude oil fundamentals. Refiners have yet to pull back meaningfully on crude oil purchases & crude oil inventory builds are only starting to turn bearish in both the weekly US statistics and globally. US crude oil inventories are set to build above normal over the coming months.

US May Run Out Of Oil Storage Space As Soon As June

Crude oil inventory data shows that total utilization of crude oil storage capacity in the US stands at approximately 60%, compared with 48% at the same time last year. Oil prices would need to fall even farther for the the floating storage play to be economically viable as the cost of remaining storage goes through the roof.

Crude Oil Declines

Crude Oil remains weak on Escalating Eurozone Debt Crisis & Weakening Fuel Demand – Gets Support on Lower than Expected […]

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