Oil Futures Gained 2% with U.S. Crude Supplies down a Second Week

MarketWatch2022-07-27

Oil futures gained ground Wednesday, buoyed by U.S. government data showing weekly declines in domestic crude and product supplies.Natural-gas futures edged lower after a three-session climb on the ...

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Comments

gni
2022-07-28
gni
I have not gained 0.02%, never mind 2%...[Cry]
Monkey123
2022-07-28
Monkey123
Thanks for sharing
Bodoh
2022-07-28
Bodoh
Ok
ChinSiang
2022-07-28
ChinSiang
Ok
Bspn
2022-07-28
Bspn
Ok
ramius75
2022-07-28
ramius75
👌

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Supply dataOil prices added to earlier gains on Wednesday after the Energy Information Administration reported weekly declines in U.S. crude, gasoline and distillate supplies.“Despite the drop in refining activity, lower imports and strong exports have resulted in a solid draw to crude inventories — even with a 5.6 million-barrel [Strategic Petroleum Reserve] release into commercial stocks,” said Matt Smith, lead oil analyst, Americas, at Kpler. “Draws to both gasoline and distillates have rounded out a price-supportive report, as implied demand rose for both in the last week.”U.S. crude inventories fell by 4.5 million barrels for the week ended July 22, the EIA reported Wednesday. On average, analysts expected a decline of 800,000 barrels, according to a poll conducted by S&P Global Commodity Insights. 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The analyst survey called for inventory decreases of 1.1 million barrels for gasoline and 200,000 barrels for distillates.Crude stocks at the Cushing, Okla., Nymex delivery hub edged up by 700,000 barrels, while crude-oil stocks in the Strategic Petroleum Reserve fell by 5.6 million barrels last week, the EIA said.Market driversConcerns that aggressive monetary tightening by the Fed and other central banks could tip the economy into recession or spark a sharp slowdown have weighed on crude-oil prices in recent weeks, analysts said.The Fed is expected to announce another 75 basis point rise in its benchmark interest rate later Wednesday.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9903126016,"gmtCreate":1658986999935,"gmtModify":1676536240272,"author":{"id":"3583162863775152","authorId":"3583162863775152","name":"gni","avatar":"https://static.tigerbbs.com/9bd2327989052e9257ef803c07e504e6","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"I have not gained 0.02%, never mind 2%...[Cry]&nbsp;","listText":"I have not gained 0.02%, never mind 2%...[Cry]&nbsp;","text":"I have not gained 0.02%, never mind 2%...[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903126016","repostId":1113398751,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9903131270,"gmtCreate":1658979725590,"gmtModify":1676536239259,"author":{"id":"4114352089413372","authorId":"4114352089413372","name":"Monkey123","avatar":"https://community-static.tradeup.com/news/aa75d2c55a839e4d22de6a75746df8f1","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903131270","repostId":1113398751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9903982613,"gmtCreate":1658964893933,"gmtModify":1676536234652,"author":{"id":"3559859558754319","authorId":"3559859558754319","name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903982613","repostId":1113398751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9903939117,"gmtCreate":1658963469839,"gmtModify":1676536234081,"author":{"id":"3558227267679552","authorId":"3558227267679552","name":"ChinSiang","avatar":"https://static.tigerbbs.com/f0bc36d4e7d4a75a4919f6090d283238","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903939117","repostId":1113398751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9903073483,"gmtCreate":1658961522742,"gmtModify":1676536233299,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903073483","repostId":1113398751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9903070031,"gmtCreate":1658961319323,"gmtModify":1676536233234,"author":{"id":"3586470645934044","authorId":"3586470645934044","name":"ramius75","avatar":"https://community-static.tradeup.com/news/c4c299991e47de2cfc27ff1e679cc5ee","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1},"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903070031","repostId":1113398751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":311,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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