Seeking Alpha logo Seeking Alpha 3 weeks ago

Petroleum Inventories: Everything Was Drawn Down

Front-MonthCrudeOil

Crude oil futures climbed further in overnight trading after rising nearly 2 percent in the Tuesday NYMEX floor session. Buoyed by outside influences, oil prices were also driven by the release of bullish industry data. Full Article at Seeking Alpha

Related Topics:

  1. Energy Department
  2. New York Mercantile Exchange
  3. Dow Jones

Related Articles

  1. The Seattle Times logo
    Oil nears $80 a barrel amid stock market surge
    3 weeks ago

    Oil prices climbed toward $80 a barrel Friday, catching up with a surge in global stock markets and assisted by a slightly weaker dollar which made crude more attractive to international investors. Full Article at The Seattle Times

  2. Houston Chronicle logo
    Oil slips on questions about demand
    3 weeks ago

    NEW YORK — Oil prices slipped today as investors questioned whether the country would regain its appetite for petroleum. Benchmark crude for December delivery gave up 84 cents at $79.56 a barrel on the New York Mercantile Exchange. Full Article at Houston Chronicle

  3. Wall Street Journal logo
    Oil Prices Fall on Demand Concerns
    3 weeks ago

    By Brian Baskin NEW YORK - Crude-oil futures slipped Thursday as concerns about weak demand countered an expected higher opening for U.S. equities.Light, sweet crude for December delivery recently traded 17 cents, or 0.2%, lower at $80.23 a barrel on... Full Article at Wall Street Journal

  4. Bloomberg.com logo
    Oil Falls, Snapping Three Days of Gains, Before U.S. Unemployment Report
    3 weeks ago

    Nov. 5 (Bloomberg) -- Crude oil declined, snapping three days of gains, before a report forecast to show that U.S. unemployment rose in October. Full Article at Bloomberg.com

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Related Quotes

  1. The good news we're hearing about the economy is not translating to a stronger oil market yet
    – Michael Lynch (politician) SOURCE: Shanghai Daily 3 weeks ago
  2. It will take a lot more than a moderately positive piece of data to keep prices moving higher
    – Michael Lynch (politician) SOURCE: Bloomberg.com 3 weeks ago
  3. The market looks like it’s running out of momentum once we get above $80
    – Mike Fitzpatrick SOURCE: Bloomberg.com 3 weeks ago
  4. The market looks like it’s running out of momentum once we get above $US80
    – Mike Fitzpatrick SOURCE: The Age 3 weeks ago
View all Related Quotes »
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  1. First Lady Michelle Obama and Energy Secretary Steven Chu, field questions from Takoma Park Middle School students Avikar Periwal, left, and Alan Du, second from left, and other National Science Bowl contestants, Thursday, Nov. 5, 2009, at the Energy Department in Washington.
  2. WASHINGTON - OCTOBER 07: Workers complete final preparations on a home designed by a team from the University of Wisconsin-Milwaukee on the National Mall at The Energy Department's 2009 Solar Decathlon October 7, 2009 in Washington, DC.
  3. People shop for food at the Chittenden Emergency Food Shelf in Burlington, Vt. , Wednesday, Nov. 25, 2009. Around Vermont, demand is up at food shelves as Vermonters lose jobs, try to make ends meet on unemployment and struggle with heating, food and fuel costs.
  4. NEW YORK - NOVEMBER 23: Job seekers attend the 'Operation: Hire Veterans Career Fair' sponsored by the Department of Labor at the Intrepid Sea, Air & Space Museum November 23, 2009 in New York City. The job fair was expected to attract at least 2,500 applicants as the economy continues to sputter.
  5. SAN FRANCISCO - NOVEMBER 23: A worker walks by near empty shelves in the warehouse at the San Francisco Food Bank November 23, 2009 in San Francisco, California.
  6. LONG BEACH, CA - NOVEMBER 20: Job seekers attend the Long Beach Mega Diversity Career Fair at the First Congregational Church on November 20, 2009 in Long Beach, California. Unemployment rose in 29 US states and the District of Columbia during October according to a government report today.
  7. GLENDALE, CA - NOVEMBER 16: A worker cleans a new car at Star Ford car dealership on November 16, 2009 in Glendale California. US retail auto sales were up 1.4 percent, higher than analysts expected in October, suggesting that the economy continues to recover even as unemployment climbs.

Cast of Characters

  1. New York Mercantile Exchange
  2. Energy Department
  3. Dow Jones Dow Jones
  4. American Petroleum Institute
  5. Labor Department
  6. Morgan Stanley Morgan Stanley