kittycriston
Kitty Criston
Crude oil futures declined in the Asia electronic trades today with the investors cautious ahead of the weekly inventories data which might show a climb again.
Yesterday, the API data showed that crude inventories at Cushing, Oklahoma, the delivery point for WTI contracts traded in New York and the biggest U.S. storage hub, advanced 471,000 barrels for a second week of gains.
The API collects stockpile information on a voluntary basis from operators of refineries, bulk terminals and pipelines. The government requires that reports be filed with the EIA, the Energy Department’s statistical arm, for its weekly survey. Total oil supplies are already near their highest weekly level in at least 30 years, according to Energy Information Administration data that go back to August 1982. Read more..Oil Declines Ahead Of Inventories | Trading Tips Free
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Yesterday, the API data showed that crude inventories at Cushing, Oklahoma, the delivery point for WTI contracts traded in New York and the biggest U.S. storage hub, advanced 471,000 barrels for a second week of gains.
The API collects stockpile information on a voluntary basis from operators of refineries, bulk terminals and pipelines. The government requires that reports be filed with the EIA, the Energy Department’s statistical arm, for its weekly survey. Total oil supplies are already near their highest weekly level in at least 30 years, according to Energy Information Administration data that go back to August 1982. Read more..Oil Declines Ahead Of Inventories | Trading Tips Free
Get the latest tips and updates of commodity market, Copper Tips, Intraday MCX Tips | Sureshot MCX Tips