Crude inventory rises by 1.7M barrels for week ended March 14 – EIA
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Crude Oil Inventory Changes: As of March 14, commercial crude stocks increased by 1.7 million barrels to a total of 437 million barrels, while gasoline and distillate inventories saw declines of 0.5 million and 2.8 million barrels, respectively.
Market Outlook: WTI oil futures rose by 0.15% to $67.00 per barrel, with discussions on potential production declines in US shale oil if prices fall into the $50 range, alongside geopolitical tensions affecting energy infrastructure in Ukraine.
Analyst Views on COM
Wall Street analysts forecast COM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 30.951
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Current: 30.951
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
