22:38:16
Analyst Julia Fanzeres commented on the EIA data: Crude oil inventories fell massively to the lowest level since February. Most of the inventory reduction came from the Gulf Coast and the Midwest, offsetting the increase in inventories on the East Coast and Cushing storage center.
22:34:06
EIA data showed that U.S. crude oil imports from Saudi Arabia increased by 209,000 barrels per day to 353,000 barrels per day in the week ending August 2, an increase of 145%.
22:31:57
U.S. domestic crude oil production hit a record high in the week ending August 2. U.S. commercial crude oil inventories excluding strategic reserves in the week ending August 2 were the lowest since the week ending February 2, 2024. U.S. crude oil exports in the week ending August 2 were the lowest since the week ending June 7, 2024. U.S. EIA strategic petroleum reserve inventories in the week ending August 2 were the highest since the week ending December 16, 2022.
22:31:22
EIA report: U.S. Strategic Petroleum Reserve (SPR) inventories increased by 736,000 barrels to 375.8 million barrels in the week ending August 2, an increase of 0.2%.
22:31:02
EIA report: In the week ending August 2, the United States imported 6.224 million barrels of commercial crude oil excluding strategic reserves, a decrease of 729,000 barrels per day from the previous week.
22:30:56
EIA report: U.S. domestic crude oil production increased by 100,000 barrels to 13.40 million barrels per day in the week ending August 2.
22:30:43
EIA report: Commercial crude oil inventories excluding strategic reserves decreased by 3.728 million barrels to 429 million barrels, a decrease of 0.86%.
22:30:39
The EIA Strategic Petroleum Reserve inventory in the United States for the week ending August 2 was 736,000 barrels, compared with 685,000 barrels in the previous week.
22:30:38
The EIA refinery utilization rate in the United States for the week ending August 2 was 90.5%, in line with expectations of 90.9% and the previous value of 90.1%.
22:30:03
The EIA crude oil inventory in the United States for the week ending August 2 was -3.728 million barrels, expected to be -700,000 barrels, and the previous value was -3.436 million barrels.
22:15:21
The U.S. 10-year break-even inflation rate rose 3 basis points to 2.136%.
22:03:02
U.S. stocks extended their gains, with the S&P 500 rising 1.7% and the Nasdaq 100 gaining 2%.
21:49:57
The S&P 500 bank index rose 2.3%.
21:49:50
The Philadelphia Semiconductor Index rose 3%.
21:34:18
Iraq has set the official selling price for its Basra Medium crude oil sold to Asia in September 2024 at a discount of $3 per barrel to the average Oman/Dubai price.
21:33:00
Lyft (LYFT.O) fell 18%, its biggest drop since May 2023.
21:31:04
Shopify (SHOP.N) rose 19%, its biggest gain since November 2 last year.
21:29:22
Rivian (RIVN.O) CEO: Electric vehicle production is expected to continue to increase in 2025.
21:19:38
Iranian President Pezeshkian: (In a phone call with French President Macron) If the United States and Western countries really want to prevent war, they must force Israel to stop its "genocide" in Gaza and accept a ceasefire.
21:13:47
The European banks index rose 3%, on track for its biggest one-day gain since March 2023.