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  • Crude supplies rise 5.5 million barrels: EIA

    From marketwatch.com

    Oil futures climbed on Wednesday following weekly data from the U.S. Energy Information Administration showing a rise in crude and gasoline stockpiles along with a decline in distillate supplies. The EIA reported that crude stockpiles for the week ended Sept. 27 rose 5.5 million barrels. Analysts polled by Platts were looking for a climb of 2.4 million barrels. Gasoline supplies also rose 3.5 million barrels, while distillate stockpiles were down 1.7 million barrels, the EIA said. Gasoline stockpiles were expected to fall 1.4 million barrels, while forecasts called for a decline of 1.8 million barrels for ... (full story)

Inventory up & price up too?
  •  Guest
  • | IP XXX.XXX.93.145
How to define that the news is good or bad for oil ?

i do not know that which figures are good and bad for oil..

thanks in advance..
  •  Guest
  • | IP XX.XX.27.139
stockpile up should see the price down.

But if distillate is in contradiction, then usually the distillate prevales.

Today sock up, but distillate down, so price up.

In a way refineries have to buy crude, no?
crude will touch 150 usd per barrel in december
We just need to wait, the price ill go down in some hours.
Quoting digorovisco
We just need to wait, the price ill go down in some hours.
No way my dear
Quoting mkj111
No way my dear
it might actually, dont think many buyers will go for it at this price given the present scenario and even if it doesnt today it will eventually if conditions remain the same i.e. Bearish.
Do you know any good forums about crude?
  •  Guest
  • | IP XX.XX.183.87
crude is goes high till Fomc statement may touch 105 then goes back
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  •  Guest
  • | IP XX.XX.14.81
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