Tag: EIA

Oil Prices Eye EIA Inventory Data as Biden Administration Considers Extreme Actions

WTI Crude Oil, Inventory Data, EIA, Biden, Crack Spreads – Talking PointsWTI crude oil prices see a modest bounce after a sharp drop on additional SPR newsBiden administration said to be considering extreme...

US EIA cuts estimates for US crude oil output

Oil is struggling today on demand worries but supply will be the story next year.The latest numbers from the EIA peg US output rising 500,000 barrels per day this year versus 540,000 bpd...

EIA Storage Data and OPEC ‘Supply Cuts’ Lift Oil

WTI Crude Oil News and Analysis‘Supply cut’ comments rattle oil markets ahead of inventory dataRSI indicator suggests the recent pullback may be short-lived – downtrend very much intactOil-focused data: API and EIA inventory...

Impact of EIA Report on Crude Oil Futures

Prices at the pump are down a bit lately but what’s next? The Energy Information Administration (EIA) publishes a massive number of statistics. The EIA’s weekly inventory report is widely followed by traders...

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