8 Apr 2015
Crude falls post US API inventories data – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team gives the update regarding the key developments in the crude oil market – API Inventory data release, Tehran sanctions, Speculation in the corporate energy space.
Key Quotes
“In energy, crude prices fell by over a dollar below $53/brl after a multi-week high build in API petroleum inventories.”
“There were also reports that top Iranian officials would travel to Beijing this week to discuss oil projects as Tehran prepares for lifting of western sanctions.”
“In the corporate energy space, BG confirmed press speculation that it is in late stages of discussing a bid by Shell that is rumored to be as high as £46B.”
“(US) API Petroleum Inventories: Crude: +12.2M (largest build since Feb 18th; 4th straight build) v +3.5Me, GASOLINE: +2.7M v -1.5Me, DISTILLATE: -0.33M v +1Me”
Key Quotes
“In energy, crude prices fell by over a dollar below $53/brl after a multi-week high build in API petroleum inventories.”
“There were also reports that top Iranian officials would travel to Beijing this week to discuss oil projects as Tehran prepares for lifting of western sanctions.”
“In the corporate energy space, BG confirmed press speculation that it is in late stages of discussing a bid by Shell that is rumored to be as high as £46B.”
“(US) API Petroleum Inventories: Crude: +12.2M (largest build since Feb 18th; 4th straight build) v +3.5Me, GASOLINE: +2.7M v -1.5Me, DISTILLATE: -0.33M v +1Me”