{"id":62330,"date":"2014-10-22T09:10:10","date_gmt":"2014-10-22T13:10:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=62330"},"modified":"2014-10-22T10:29:43","modified_gmt":"2014-10-22T14:29:43","slug":"crude-trades-flat-before-us-stockpiles-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/crude-trades-flat-before-us-stockpiles-report\/","title":{"rendered":"Crude Trades Flat Before US Stockpiles Report"},"content":{"rendered":"
October 22, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Crude oil prices remained flat on Wednesday as the market awaits a report on oil stockpiles in the US, the world\u2019s biggest oil consumer, which is expected to show a downward trend to a two-year low.<\/p>\n

Futures for the North American West Texas Intermediate (WTI) for December delivery \u00a0\u00a0rose 0.02% higher to $82.51 per barrel on the New York Mercantile Exchange at the time of writing.\u00a0<\/span><\/p>\n

While the European benchmark Brent crude for December settlement gained 0.11% to $86.32 a barrel on the ICE Futures Europe exchanged based in London.<\/p>\n

US Crude Stockpiles<\/span><\/h2>\n

While oil traders awaits crude stockpiles report from the Energy Information Administration (EIA), analysts are expecting oil stockpiles in the US, the world\u2019s biggest oil consumer, to increase by 3 million barrels in the week ended October 17. That would mark a third weekly advance in a row.<\/p>\n

A separate report released from the American Petroleum Institute showed that crude inventories increased by 1.2 million barrels last week, compared to analysts forecast of a rise of 2.7 million barrels.<\/p>

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

China processed 42.02 million metric tons of crude oil in September, approximately 10.3 million barrels a day, according to a report from the National Bureau of Statistics in Beijing.<\/p>\n

The report also showed that China\u2019s crude output in September rose 1% to 17.16 million tons, while gas production increased 8.8% to 9.5 billion cubic meters.<\/p>\n

The world\u2019s second largest economy released a report which showed that China\u2019s gross domestic product figure for the third quarter expanded at the weakest pace in five years. The nation\u2019s GDP expanded 7.3% year-on-year, compared to a forecast of a 7.2% growth.<\/p>\n

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The post Crude Trades Flat Before US Stockpiles Report<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Crude oil prices remained flat on Wednesday as the market awaits a report on oil stockpiles in the US, the world\u2019s biggest oil consumer, which is expected to show a downward trend to a two-year low. Futures for the North American West Texas Intermediate (WTI) for December delivery \u00a0\u00a0rose 0.02% […]<\/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-62330","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62330","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=62330"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62330\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}