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The federal government's EIA report revealed that crude inventories rose by 3.1 million barrels, compared to the 1.3 million barrels increase that energy analysts had expected.
Weekly figures from EIA show that domestic crude output has dropped to 10.7 million barrels per day, since reaching 13.1 million in the second week of March. Things You Should Know About the EIA ...
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Crude oil prices surged higher breaking out to fresh 3-year highs and poised to test target resistance near the 50% Fibonacci retracement of the decline from 2013 to 2016 which comes in near 69.25.
A lower oil rig count and the Russian cap also contributed, though U.S. crude inventories were the highest since June 2021. [2] For the week ending February 3, oil fell nearly 8 percent, with Brent at one point reaching $79.72, lowest since January 11, and WTI reaching $73.13, lowest since January 5.
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This is a list of countries by net oil exports in barrels per day based on The World Factbook [1] and other sources. [2] "Net export" refers to the export minus the import. Net export" refers to the export minus the import.
The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...