{"id":43868,"date":"2013-11-07T05:52:56","date_gmt":"2013-11-07T10:52:56","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=43868"},"modified":"2013-11-07T05:52:56","modified_gmt":"2013-11-07T10:52:56","slug":"crude-oil-futures-fluctuates-as-us-inventories-rises","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/07\/crude-oil-futures-fluctuates-as-us-inventories-rises\/","title":{"rendered":"Crude Oil Futures Fluctuates As US Inventories Rises"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>Crude oil futures were seen trading slightly lower on Thursday, after rising the most in five weeks, meeting analysts\u2019 estimates.<\/p>\n<p>West Texas Intermediate crude for December delivery dropped 0.12% to $94.71 per barrel on the New York Mercantile Exchange at 2:15pm Singapore time. The contract rose $1.43 to $94.80 yesterday, rising to its highest level since October 2.<\/p>\n<p>While December settlement for the European benchmark crude Brent lost 36 cents to $104.88 per barrel on the London-based ICE Futures Europe exchange at the time of writing. Brent crude was seen at a premium of $10.17 to WTI.<\/p>\n<h2><span style=\"text-decoration: underline\">Crude Oil Futures-\u00a0US Inventories<\/span><\/h2>\n<p>The US crude oil stockpiles advanced by 1.577 million barrels last week, while gasoline inventories dropped by 3.755 million barrels, according to a report released by the official Energy Information Administration (EIA).<span id=\"more-2739\"><\/span><\/p>\n<p>Last week EIA released a report showing that oil consumption in the world\u2019s largest consumer increased by 4.1 million barrels to 383.9 million in the week ended October 25, rising to its highest level since June.<\/p>\n<p>Meanwhile, a release from the American Petroleum Institute (API) revealed that on Tuesday, the US crude inventories advanced by 870,000 barrels last week and a drop of 4.3 million barrels was seen in gasoline stockpiles.<\/p>\n<h2><span style=\"text-decoration: underline\">Crude Oil Futures &#8211;\u00a0US Data<\/span><\/h2>\n<p>Estimates of the US third-quarter GDP is expected to be released later in the day, with forecasts of a 2.0% increase, down from the previous forecast an expansion of 2.5% recorded during the period between March to June.<\/p>\n<p>October\u2019s labour data is expected to be released on Friday and forecasted to show that the US non-farm payrolls rose by 125,000.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b><i>Visit\u00a0<a title=\"HY Markets \" href=\"http:\/\/hymarkets.com\/\" target=\"_blank\">www.hymarkets.com\u00a0\u00a0<\/a>today and find out more on how you can how you can trade Energy products\u00a0<strong>with only $50<\/strong>.<\/i><\/b><\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/world-market-news\/crude-oil-futures-fluctuates.html\">Crude Oil Futures Fluctuates As US Inventories Rises<\/a> appeared first on <a href=\"http:\/\/blog.hymarkets.com\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog Crude oil futures were seen trading slightly lower on Thursday, after rising the most in five weeks, meeting analysts\u2019 estimates. West Texas Intermediate crude for December delivery dropped 0.12% to $94.71 per barrel on the New York Mercantile Exchange at 2:15pm Singapore time. The contract rose $1.43 to $94.80 yesterday, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/07\/crude-oil-futures-fluctuates-as-us-inventories-rises\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude Oil Futures Fluctuates As US Inventories Rises&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-43868","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=43868"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43868\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=43868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=43868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=43868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}