Oil drops as US inventories balloon, traders watch Middle East crisis [Yahoo! Finance Canada]
BOK Financial Corporation (BOKF)
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Source: Yahoo! Finance Canada
Oil dropped more than 1% on Wednesday as traders looked for signs of Middle East tensions easing and new data showed that US stockpiles surged. West Texas Intermediate ( CL=F ) dropped to trade near $71 per barrel, while Brent ( BZ=F ), the international benchmark price hovered near $75. Crude Oil Dec 24 (CL=F) The latest government data showed crude inventories increased by 5.5 million barrels last week, versus analysts expectations for an increase of 1 million barrels, per Bloomberg data. Gasoline inventories grew by 900,000 barrels from the previous week, compared to projections for a decline of 1.9 million barrels. Data from the American Petroleum Institute (API), an industry group, also showed a bigger than expected rise in stockpiles. The drop in oil prices comes after a 4% rise over the prior two sessions as traders watched the Middle East crisis, with escalating conflicts in Gaza and Lebanon. On Tuesday US Secretary of State Antony Blinken arrived in Israel to mee
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BOKF
Earnings
- 10/21/24 - Beat
BOKF
Sec Filings
- 11/7/24 - Form 4
- 11/4/24 - Form 8-K
- 10/30/24 - Form 10-Q
- BOKF's page on the SEC website