Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Crude oil posts fourth straight loss as crude inventories swell

Published 11/15/2017, 03:40 PM
© Reuters.  Crude oil posts fourth straight loss as crude inventories swell
XOM
-
HAL
-
COP
-
HES
-
SLB
-
LCO
-
CL
-
SCO
-
UCO
-
BP
-
IEO
-
DTO
-
PXJ
-
XOP
-
XES
-
XLE
-
IYE
-
OIH
-
SZOXF
-
ERX
-
ERY
-
DIG
-
BNO
-
OILold
-
OIL
-
DBO
-
USL
-
USO
-
DNO
-
DWT
-
UWT
-
OLO_old
-
UGA
-
FXN
-
IEZ
-
PXE
-
DDG
-
DUG
-
RSPG
-
VDE
-
FENY
-
GUSH
-
DRIP
-
CRAK
-
BGR
-
FIF
-
NDP
-
ERGF
-
JHME
-
NANR
-
WTID_old
-
WTIU_old
-
OILX
-
FTXN
-
OILK
-
  • U.S. crude oil fell for the fourth straight session after the EIA reported a surprise rise in crude and gasoline inventories, but a rise in refining runs and a drawdown in distillates helped prices bounce off session lows; WTI settled -0.7% at a two-week low $55.33/bbl, while Brent finished -0.6% at $61.87/bbl.
  • “Overall, the report is somewhat supportive because it was not as bearish as the previous API report last night,” says Phil Flynn at Price Futures Group in Chicago.
  • “Strong profitability continues to encourage refiners to keep running hard, with refining activity materially higher than both last week and year-ago levels,” says CliperData's Matt Smith; refinery utilization stood at 91% of capacity in the latest week, up from 89.6% a week earlier.
  • It's another down day for energy equities, including XOM -1.2%, BP -1.1%, COP -1.1%, HES -2.1%, SLB -2%, HAL -3%.
  • ETFs: USO, XLE, OIL, UWT, UCO, VDE, DWT, ERX, XOP, SCO, OIH, BNO, DBO, ERY, DIG, UGA, DTO, BGR, XES, USL, FENY, DUG, IYE, GUSH, IEO, DRIP, FIF, DNO, IEZ, PXE, NDP, OLO, RYE, SZO, PXJ, FXN, OLEM, CRAK, DDG, NANR, OILK, WTIU, OILX, WTID, USOI, JHME, ERYY, FTXN, ERGF
  • Now read: Looking To Buy A Dip In Crude Oil

Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.