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Started By
Message
Oil falls sharply as U.S. crude inventories rise
Posted on 2/19/15 at 3:14 am
Posted on 2/19/15 at 3:14 am
Drink up, Houstonites
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quote:
Reuters) - Oil prices tumbled on Thursday after another big weekly build in U.S. crude inventories and a possible rise in Saudi output stoked worries about oversupply.
U.S. crude stocks rose by 14.3 million barrels last week, data from industry group the American Petroleum Institute (API) showed after Wednesday's settlement, compared with analysts' expectations for an increase of 3.2 million barrels. [API/S]
If U.S. Energy Information Administration (EIA) data due at 1600 GMT confirms the large build, it would be the biggest weekly addition in barrels since such data became available in 1982.
10
Posted on 2/19/15 at 3:22 am to Jim Rockford
So it's about to get cheaper again?
Posted on 2/19/15 at 6:12 am to Jim Rockford
Meh. It's still nowhere near the low of a few weeks ago.
Posted on 2/19/15 at 6:16 am to Jim Rockford
Falls sharply?
$1.50?
Still up over the last few weeks
$1.50?
Still up over the last few weeks
Posted on 2/19/15 at 6:35 am to Jim Rockford
Is this article old as frick, or predicting the future? Just turned Thursday here
Posted on 2/19/15 at 6:48 am to Jim Rockford
I didn't know it was possible to have a 14.3 million barrel build. That is gigantic and should send prices back to the low's at least.
Posted on 2/19/15 at 6:59 am to Jim Rockford
Welp on to 20 dollar a barrel. Fak. My o&g stocks not gonna like that
Posted on 2/19/15 at 7:09 am to Jim Rockford
Cue O&G worker coming in here to chastise us for not subsidizing his F350 truck note.
Posted on 2/19/15 at 9:10 am to Jim Rockford
Same story, different day
The price of oil is super volatile right now because of trading. It won't stabilize until the third of fourth quarter and will rise back in the low 60s. I can't see it breaking into the $70 mark though
The price of oil is super volatile right now because of trading. It won't stabilize until the third of fourth quarter and will rise back in the low 60s. I can't see it breaking into the $70 mark though
Posted on 2/19/15 at 10:17 am to Jim Rockford
FYI, EIA data said 7.7
Posted on 2/19/15 at 11:11 am to Jim Rockford
Inventories only rose 1/2 as much as the article in OP stated this morning.
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