Crude Settles Up 5.2% Following Dip in Output (OIL) (USO) Apr 1, 2015 02:41PM

WTI crude settled 5.2 percent higher to $50.09 per barrel on the Comex. News comes following earlier reports that U.S. production fell last week.

According to the Energy Information Administration, output fell 36,000 barrels per day (bpd) to 9.39 million last week, compared to 9.42 million bpd reported in the prior week. Amid the drop in production, stockpiles rose 4.77 million barrels to 471.4 million, while the Street was looking for an increase of 4.2 million barrels


Crude Oil Inventories Rose 4.77M Barrels Last Week; Est. up 4.20M Barrels - EIA Apr 1, 2015 10:33AM

(Updated - April 1, 2015 10:33 AM EDT)

  • Crude oil inventories rise 4.77 million barrels, versus the consensus of 4.18 million.
  • Gasoline Inventories down 4.26 million, versus an expected drop of 0.862 million
  • Distillate Inventories up 1.33 million versus an expects drop of 0.0125 million.
  • Refinery Utilization 0.4% versus an expected 0.55%


API Crude Inventory Increases 5.2M Barrels Mar 31, 2015 04:39PM

API Crude Inventory Increases 5.2M Barrels


UPDATE: OPEC Boosts Output 1.6% in March; Nears Multi-Month Highs (USO) Mar 31, 2015 12:09PM (Updated - March 31, 2015 12:09 PM EDT)

Crude ETFs are lower Tuesday following data from Organization of the Petroleum Exporting Countries (OPEC) which shows a jump in production and supply for March.

Reuters said that OPEC supply rose to 30.63 million barrels per day, compared to a revised 30.07 million bpd output recorded for the prior month.

Reuters believes its the highest production level seen since October 2014, which supply was 30.64 million bpd.

Output from... (continue reading...)


Morgan Stanley (MS) may sell compressed natural gas business - Reuters Mar 30, 2015 09:27AM

Morgan Stanley (NYSE: MS) may sell its compressed natural gas business, according to Reuters, citing documentation and three people familiar with the matter on the information.


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