{"id":73420,"date":"2020-09-23T15:06:09","date_gmt":"2020-09-23T12:06:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/oil-prices-try-to-gain-traction-higher-ahead-of-storage-data\/"},"modified":"2020-09-23T15:06:09","modified_gmt":"2020-09-23T12:06:09","slug":"oil-prices-try-to-gain-traction-higher-ahead-of-storage-data","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/oil-prices-try-to-gain-traction-higher-ahead-of-storage-data\/","title":{"rendered":"#\n  Oil prices try to gain traction higher ahead of storage data"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bf1bb7889c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bf1bb7889c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/oil-prices-try-to-gain-traction-higher-ahead-of-storage-data\/#API_shows_rise_in_crude_stocks_fall_in_fuel_inventories\" >API shows rise in crude stocks, fall in fuel inventories<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/oil-prices-try-to-gain-traction-higher-ahead-of-storage-data\/#William_Watts\" >William Watts<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Oil prices try to gain traction higher ahead of storage data<br \/>\n<\/strong>&#8221;<\/p>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">watch Movies<\/a> or TV series visit the <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/dizi.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dizi.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"API_shows_rise_in_crude_stocks_fall_in_fuel_inventories\"><\/span>\n  API shows rise in crude stocks, fall in fuel inventories<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"DE5A667A-FD8D-11EA-B7BF-DAFAEAEFB471\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Oil futures attempted to gain ground Wednesday, with crude trying to find some support after data from an industry trade group showed a fall in fuel inventories. The moves for crude comes as Wall Street looks to extend a bounce, underlining <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite for assets viewed as risky, including commodities like oil.<\/p>\n<p> West Texas Inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te crude for November delivery<br \/>\n        CL.1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211629951\/delayed\" class=\"negative\">-0.02%<\/bg-quote><br \/>\n      \u00a0<br \/>\n        CLX20,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209726999\/delayed\" class=\"negative\">-0.02%<\/bg-quote><br \/>\n      \u00a0had been trading higher, but was now off 10 cents, or 0.2%, at $39.72 a barrel on the New York Mercantile Exchange. The global benchmark, November Brent crude<br \/>\n        BRN.1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211756000\/delayed\" class=\"positive\">+0.21%<\/bg-quote><br \/>\n      \u00a0was up 3 cents, or 0.1%, at $41.75 a barrel on ICE Futures Europe.<\/p>\n<div class=\"paywall\">\n       Global equities were on the rise, with U.S. stock-index futures pointing to gains a day after the S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+1.05%<\/bg-quote><br \/>\n      \u00a0snapped a four-day losing streak. But analysts said the continued rise in COVID-19 cases, which has seen the return of some increased restrictions on activity in the U.K. and other parts of Europe, could put pressure on crude and other assets perceived as risky.<\/p>\n<p>\u201cThe rebound in risk appetite today is lifting oil prices a little but it\u2019s already faces stiff resistance. A rally in oil may feel like swimming against the tide in the near-term, with rising COVID cases and restrictions likely to weigh on economic activity and therefore demand,\u201d said Craig Erlam, senior market analyst at OANDA, in a note.<\/p>\n<p>Traders are also focused on supply data. The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 691,000 barrels for the week ended Sept. 18, according to sources. The API data also reportedly showed gasoline stockpiles dropped by 7.7 million barrels, while distillate inventories declined by 2.1 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, inched up by 298,000 barrels for the week, sources said. <\/p>\n<p>More closely followed data from the Energy Information Administration will be released Wednesday morning. Analysts surveyed by S&amp;P Global Platts look for crude inventories to fall by 4 million barrels. They also forecast a supply drop of 1.9 million barrels for gasoline and an inventory increase of 1.2 million barrels in distillates.<\/p>\n<p>Meanwhile, the impending return of Libyan crude to the market is also seen weighing on crude prices, analysts said. Libya\u2019s National Oil Company continues to announce progress toward a resumption of supply, \u201cwith the latest plan seeing 260,000 barrels a day of supply already next week, around 150,000 b\/d higher than what has been typical over recent months,\u201d wrote analysts at JBC Energy, a Vienna-based consulting firm, in a note.<\/p>\n<p>The rise in supply comes outside of the agreement by the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, to curb output by 7.7 million barrels a day \u201cand adds pressure to a market which is globally still trying to assess the impact of the latest stagnation in the demand recovery,\u201d they said.<\/p>\n<div data-layout=\"\n              inline\" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetCommentingPromo\n            \n            inline\n  article__inset\n        article__inset--type-InsetCommentingPromo\n            article__inset--inline\n  \"><\/p><\/div>\n<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"William Watts\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"William_Watts\"><\/span>William Watts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\"><strong>if you want to watch Movies or Tv Shows go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/dizi.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dizi.BuradaBiliyorum.Com<\/a> <\/span> for forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7BDE5A667A-FD8D-11EA-B7BF-DAFAEAEFB471%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Oil prices try to gain traction higher ahead of storage data &#8221; If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com API shows rise in crude stocks, fall in fuel inventories Oil futures attempted to gain ground Wednesday, with crude trying to find some support after data from an industry trade&#8230;<\/p>\n","protected":false},"author":1,"featured_media":73421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-73420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/73420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=73420"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/73420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/73421"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=73420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=73420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=73420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}