Showing posts with label American Petroleum Institute. Show all posts
Showing posts with label American Petroleum Institute. Show all posts

Wednesday, July 8, 2009

Oil Falls for Sixth Day on Forecasts U.S. Gasoline Supply Rose


Crude oil fell for a sixth day, the longest losing streak since December, before a government report that is forecast to show U.S. fuel inventories increased. Supplies of gasoline and distillate fuel, a category that includes heating oil and diesel, probably climbed, according to a Bloomberg News survey before today’s Energy Department report. Yesterday, the industry funded American Petroleum Institute said stockpiles of gasoline rose.....Complete Story

Today’s Stock Market Club Trading Triangles

Tuesday, July 7, 2009

Oil Falls as Equities Drop, Report Shows Gasoline Supply Gain


Crude oil fell to a six week low as equities slumped and an industry report showed an increase in gasoline inventories in the U.S., the world’s biggest energy consuming country. Oil dropped after the American Petroleum Institute said gasoline supplies rose 767,000 barrels to 212.4 million last week. U.S. stocks fell on concern technology spending will slow and second-quarter earnings will fail to justify a four month rally in equities.....Complete Story

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