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(RBF21.NYM)
| Pre. Settlement | N/A |
| Settlement date | N/A |
| Open | N/A |
| Bid | N/A |
| Last price | 1.4084 |
| Day's range | N/A - N/A |
| Volume | |
| Ask | N/A |
- Investing.com
Oil down 4% in biggest loss since June; Gasoline stock build hijacks OPEC show
Crude prices fell more than 4% a barrel on Wednesday, a drop that if maintained to the day’s settlement, would account for the biggest one-day sell-off since June. New York-traded West Texas Intermediate, or WTI, crude for delivery in November traded was down $3.84, or 4.3%, at $85.39 per barrel by 12:17 ET (16:17 GMT). “Sustainability below $88.50 will favor an extended correction in WTI towards $84.25,” said Sunil Kumar Dixit, chief technical strategist at SKCharting.com.
- Investing.com
US gasoline stocks up 6.5M barrels last week, crude down a third of that - EIA
US stockpiles of gasoline jumped almost 6.5 million barrels last week, the biggest build in nearly two years, a government report showed on Wednesday, as refiners optimized processing of oil to capitalize on still-good profit margins despite waning seasonal demand for fuels. Inventories of crude oil, meanwhile, fell by just a third during the week ended Sept 29 -- amid the first rise in two months in volumes at the Cushing, Oklahoma hub that serves as a central delivery and storage point for U.S. crude, according to the Weekly Petroleum Status Report of the U.S. Energy Information Administration, or EIA. Crude inventories overall fell by 2.224M barrels last week, registering a third straight week of draws that kept up with the prior week’s drop of 2.17M.
- Investing.com
US crude stocks down 4.2M barrels; Gasoline up 3.9M, Cushing builds too - API
US crude oil stockpiles possibly fell as much as 4.0 million barrels last week while inventories of gasoline likely rose by an almost similar level of 3.9 million, as refiners appeared to maximize fuel production due to lucrative returns, petroleum trade group API reported Tuesday. Builds were also seen in distillates — a feedstock for diesel and heating fuel — which were delivering some of the highest refining profit margins, known as “cracks”, now due to supply shortages, the weekly inventory report from the American Petroleum Institute showed. “To give an idea of what cracks are worth now, the one for New York ULSD, which is representative of diesel, is at around $45 a barrel prompt,” said John Kilduff, partner at New York energy hedge fund Again Capital.
