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Monthly Archives: April 2022

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Huge EIA Inventory Increase Fails to Soothe Oil Prices

Written on April 14, 2022 at 3:15 am, by

On Wednesday (GMT+3), the US Energy Information Administration reported an increase in 9.382 million barrels in its crude oil inventories. This is significantly higher than both the estimated increase of 863,000 barrels, and the previous number of 2.421 million barrels. An increase in inventories usually implies weaker demand and would be bearish for crude prices.Continue Reading

Daily Market Analysis 13 April 2022

Written on April 13, 2022 at 9:30 am, by

Daily Market Analysis 12 April 2022

Written on April 12, 2022 at 9:09 am, by

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