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What is the status of crude oil today?

What is the status of crude oil today?

Crude Oil Price Live

Last Price Change High
5127 129.00 5138
5124 120.00 5137

What is crude oil inventory report?

The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

What time is the API report?

approximately 4:30 pm
API provides the timeliest reports of this data available anywhere. Except as otherwise noted in the schedules below, the weekly reports are scheduled for release every Tuesday afternoon at approximately 4:30 pm Eastern. If Monday is a Federal holiday, the reports are scheduled for release on Wednesday afternoon.

Does the USA have oil?

US proven oil reserves were 43.8 billion barrels (6.96×109 m3) as of 2018. The 2018 data is higher than the 39 billion barrels (6.2×109 m3) of proven reserves in 1970, when the supergiant Prudhoe Bay field was found in Alaska.

What is barrel price of oil today?

Crude Oil & Natural Gas

Index Units Price
CL1:COM WTI Crude Oil (Nymex) USD/bbl. 67.73
CO1:COM Brent Crude (ICE) USD/bbl. 69.89
CP1:COM Crude Oil (Tokyo) JPY/kl 44,810.00
NG1:COM Natural Gas (Nymex) USD/MMBtu 3.83

What is EIA oil industry?

U.S. Energy Information Administration – EIA – Independent Statistics and Analysis. Search.

Is higher API oil better?

API gravity of crude oil grades Higher API indicates a lighter (lower density) crude. Lower API indicates a heavier (more dense) crude. Generally, lighter (high API) crudes are more valuable because they yield more high-value light products when run through a refinery.

What is API and EIA?

The American Petroleum Institute (API) and the U.S. Energy Information Administration (EIA) both provide weekly crude oil inventory reports. Oil inventory reports are indicators of the supply and demand for oil which impacts oil prices. The API is a trade association whereas the EIA is a governmental agency.

What are the current US crude oil inventories?

The American Petroleum Institute reported US crude inventories fell 8.5 million barrels, two market sources said, more than analysts forecast. Official Energy Information Administration figures are out at 1430 GMT.

What was the drop in crude oil stockpiles? — U.S. oil stockpiles declined by more than expected in the latest week, the Energy Information Administration said on Wednesday. Crude oil inventories dropped 7.897 million barrels…

Is the American Petroleum Institute on MarketWatch?

American Petroleum Institute news coverage on MarketWatch. The Energy Information Administration reported Wednesday that U.S. crude inventories fell by 8 million barrels for the week ended April 30. On average, analysts polled by S&P Global Platts forecast a decline of 3.9 million…

What was the price of a barrel of oil today?

Brent crude was down 57 cents, or 0.75 per cent, at $75.92 a barrel by 1120 GMT after dropping by over $1 earlier. West Texas Intermediate was off by 58 cents, or 0.77 per cent, at $74.67 a barrel.