Wednesday, April 23, 2014
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crude oil

WTI Falls From Seven-Week High

West Texas Intermediate crude declined from its highest closing level in seven weeks on estimates that U.S. supplies rose last week. Brent slipped as U.S. Vice President Joe Biden met with Ukrainian leaders.

WTI Crude Above $104 With Jobless Claims Under Forecast

West Texas Intermediate crude rose to trade above $104 for a fifth day as a report showed fewer Americans than forecast filed applications for unemployment benefits last week.

WTI Crude Drops a Second Day on U.S. Inventories; Brent Declines

West Texas Intermediate fell on speculation that U.S. inventories increased for an 11th week, and as a gauge of U.S. manufacturing rose less than expected. Brent slipped.

Speculators Boost Bullish Oil Wagers on OPEC Output Drop

A drop in OPEC production came just as refineries began looking for supply, helping boost bullish speculative bets on crude last week by the most since July.

Speculators Cut Bullish Oil Bets by Most in Nine Months

Hedge funds reduced their bets on rising West Texas Intermediate crude prices by the most in almost nine months as U.S. inventories climbed and concern eased that sanctions against Russia will disrupt oil supplies.

WTI Crude Trades Near One-Month High on Gasoline Demand

West Texas Intermediate crude traded near a one-month high as a government report showed rising consumption of gasoline reduced inventories of the fuel. Brent rose on concern that Libyan exports' return may be delayed.

Frigid U.S. Weather Means Highest Power Prices Since ’08: Energy

Freezing temperatures gripping the eastern U.S. will result in the highest electricity prices in six years for consumers in Boston, Dallas and San Francisco.

WTI Crude Falls for Fourth Day on Jobless Claims

West Texas Intermediate crude fell for a fourth day as U.S. jobless claims rose more than forecast last week. Brent gained after Libyan rebels denied a report that they are handing over an oil port to the government.

Speculators Boost Bullish Oil Bets to Record on Cushing: Energy

Hedge funds increased their bullish bets on West Texas Intermediate oil to a record as rising flows of domestic crude to Gulf Coast refineries cut demand for more costly foreign grades.


  • Department of Energy Weekly Report (Wednesdays 10:30am est)
  • American Petroleum Institute Weekly Report (Wednesdays 10:30am Est)
  • Natural Gas Inventories Weekly Report (Thursdays 10:30am est)
  • OPEC Production Quotas
  • OPEC Monthly Oil Market Report
  • Non-OPEC Oil Production
  • Mideast Stability
  • Weather- Related demand
  • CFTC Commitment of Traders Report
  • Energy Information Administration Report (Tuesday afternoons)
  • International Energy Agency Policy
  • Chinese (Asian) demand
  • Iraqi production and export levels
  • Russian shale production
  • Alternation Energy production and technological breakthroughs
  • Inflation
  • Dollar weakness and purchasing power
  • Refining Capacity
  • Weather related refining production limitations (eg hurricanes in the gulf)
  • Venezuelan Production
  • Venezuelan Foreign Policy in relation with US
  • Iran Nuclear dispute status
  • US Strategic Petroleum Reserves
  • US New Drilling and Exploratory Initiatives
  • Oil Spills
  • International Energy Agency Reserves
  • General Accountability Office Study on Geopolitical Disruptions
  • International and Domestic Tax rates relating to oil and gasoline
  • New Geopolitical order after Arab Spring

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