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RBOB Gasoline Oct 21 (RB=F)
- Oilprice.com
Oil Prices Tick Lower After EIA Reports Crude Draw, Gasoline Build
Crude oil prices fell slightly after the Energy Information Administration reported a smaller than expected crude inventory draw
- Investing.com
Oil up 2% on Ida-Pressured U.S. Crude Draw, Gasoline Build Ignored
Oil prices rose 2% Wednesday as market participants focused on another larger-than-expected weekly crude draw caused by Hurricane Ida-related disruptions, while ignoring a surprise gasoline build. Analysts tracked by Investing.com had forecast a drop of 2.45 million barrels for the week. Distillates inventories, which include diesel and heating oil, fell by 2.55 million barrels last week against expectations for a draw of 1.11 million barrels, the EIA data showed.
- Investing.com
Crude Oil Higher; API Supply Data Due
Oil prices rose Tuesday, reversing some of the previous session’s sharp losses ahead of the release of the latest U.S. crude oil supply data. By 9:25 AM ET (1325 GMT), U.S. crude futures were up 0.6% at $70.53 a barrel, while Brent futures were up 0.9% at $74.57 a barrel, after both contracts fell around 2% on Monday. Royal Dutch Shell (LON:RDSa), the largest producer in the Gulf, said its West Delta 143 platform, which acts as a transfer point for oil produced by two other production platforms, will resume operations only in the first quarter of 2022.
