{"id":59166,"date":"2014-08-22T08:56:41","date_gmt":"2014-08-22T12:56:41","guid":{"rendered":"http:\/\/countingpips.com\/?p=59166"},"modified":"2014-08-22T11:04:26","modified_gmt":"2014-08-22T15:04:26","slug":"crude-heads-for-fifth-weekly-drop-on-us-supplies","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/crude-heads-for-fifth-weekly-drop-on-us-supplies\/","title":{"rendered":"Crude Heads for Fifth Weekly Drop on US Supplies"},"content":{"rendered":"
August 22, 2014<\/div>
\r\n<\/div><\/div>

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Crude futures were seen trading lower as it heads for a fifth weekly decline, the longest losing streak in nine months during Friday\u2019s trading session.<\/p>\n

The North American West Texas Intermediate (WTI) crude for October delivery fell 0.25% to trade at $93.73 a barrel on the New York Mercantile Exchange. While futures for European benchmark Brent crude for October settlement lost 0.17% to $102.62 a barrel on the ICE Futures Europe exchange based in London.<\/span><\/p>\n

Crude Supplies<\/span><\/h2>\n

Crude supplies at Cushing, Oklahoma increased by 1.76 million barrels to 20.2 million, report from the EIA showed. The report also revealed that gasoline stockpiles in the US, the world\u2019s biggest oil consumer, expanded by 585,000 barrels last week.<\/p>\n

A separate crude supply report from the American Petroleum Institute released on Thursday reported that “US crude oil production in July remained strong, rising 13.9% from last year to average nearly 8.5 million barrels per day, the highest July output level since 1986.”<\/p>\n

China<\/span><\/h2>\n

Meanwhile, the Chinese preliminary Purchasing Managers\u2019 index from HSBC Holdings and Markit Economics fell to a three-month low of 50.3 in August from the previous reading of 51.7 recorded in July. A figure above 50 indicates expansion, while a reading below shows contraction. The disappointing figures for the Chinese preliminary PMI is raising concerns of reduced fuel demand from the world\u2019s second largest economy.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

A report from the International energy Agency based in Paris showed that the oil consumption for this year is expected to fall, decreasing its projection by 180,000 a day and by 90,000 barrels a day for 2015.<\/p>\n

 <\/p>\n

 <\/p>\n

Deposit $100 get $100 absolutely FREE! Register with HY Markets today.\u00a0\u00a0<\/span><\/em><\/strong><\/p>\n

http:\/\/<\/span>fb.me\/19wnduzNy<\/span>\u00a0<\/span><\/span><\/a><\/em><\/strong><\/p>\n

 <\/p>\n

The post Crude Heads for Fifth Weekly Drop on US Supplies<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Crude futures were seen trading lower as it heads for a fifth weekly decline, the longest losing streak in nine months during Friday\u2019s trading session. The North American West Texas Intermediate (WTI) crude for October delivery fell 0.25% to trade at $93.73 a barrel on the New York Mercantile Exchange. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-59166","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=59166"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59166\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=59166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=59166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=59166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}