Crude Oil inventory data crucial for Investors #Commodities #Commodity "FEATURED POST"

Discovery of oil in ISRAEL means the Jewish state could soon produce 'significant quantities' of 'black gold'... and potentially change the face of the Middle East Vast oil reserves have been discovered in Israel that could transform the country into world energy power and change the face of...

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US #Crude #Oil Inventories Better Than Expected

We expect NYMEX crude oil prices to trade on mixed note. Strong Economic data from US and China and Expectation that the European Central Bank may lose its monetary policy to boost economic growth fuelled the expectations among the investors that the demand for crude oil may go up. Further, decline in crude oil inventory from API may support prices to trade in green.

Figure 1 - Dow Jones News in TradeStation Platform - (EIA - Crude Oil Stock, Inventory Data)

20. Elevated Oil trade-off, in advance of the EIA’s weekly crude oil inventory statistics -

The chart shows the weekly inventory levels of crude oil so far in 2012, and compares them to the average weekly stockpiles since 1984 and over the last ten years. As shown, crude oil inventory levels are well above the historical average. In fact, there have only been two years (1990 & 2009) since 1984 where crude oil inventories were higher at this time of year.

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US Accounts for a Negative #Crude #Oil Inventories

Oil slips on rising US inventories Oil Buz Investors rising US inventories The commodity is trading at $52.87 per barrel at 10:40 GMT this morning, 0.13% lower from the New York close. Crude oil witnessed a high of $53.08 per barrel and a low of $52.74 per barrel during the session. In the New York session yesterday, crude oil rose 0.08% to close at $52.94 per barrel, extending its previous session gains. Separately, the API disclosed that US crude oil inventories rose more than expected by…

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