Posts Tagged ‘inventories’

US Gas Prices Hit Eight-Month Highs, RBOB Gas Futures Trade

by Christopher Lemieuxon April 7, 2014 3:31 pm GMT
Gas prices in the US rose 4.9 cents per gallon in the last two weeks, according to Lundberg Survey Inc. The national average has reached $3.6065 per gallon, the highest level since late July. The survey covers up to April 4 and contained data from roughly 2,500 filling stations. According to Lundberg’s President Trilby Lundberg, […]

WTI Crude Outlook: 2/13

by Christopher Lemieuxon February 13, 2014 5:03 pm GMT
Fundamentals for West Texas Intermediate (WTI) crude has been rather bullish of late. According to Energy Information Administration (EIA) data, crude stockpiles at Cushing, Oklahoma declined 6.6 percent, or 37.6 million barrels last week. However, economic data out of the United States is adding to resistance above $100 per barrel on fears of slower growth. […]

Sugar Finds Support at New Low, Indian Subsidies

by Christopher Lemieuxon January 16, 2014 8:01 pm GMT
Sugar hit new lows as India approved to subsidize shipments of raw sugar to ease the overwhelming supply. The government will give an incentive to export 4 million metric tons over the next two years. The objective of the subsidy is too increase exports, in the already overflowing global market, to aid depressing prices domestically, […]

WTI Crude Finds Support on Poor US Data

by Christopher Lemieuxon January 11, 2014 4:34 pm GMT
West Texas Intermediate (WTI) crude bounced from a new six month low as the US Labor Department said only 74K jobs were added in December, 126K less than analysts’ general consensus. This created speculation that the poor employment data would but a temporary halt to the Federal Reserve’s taper, and crude closed higher on the […]