Sunday , 24 November 2024
Home Forex US crude oil inventory for the current week -0.515M vs 2.300M estimate
Forex

US crude oil inventory for the current week -0.515M vs 2.300M estimate

The weekly inventory data from the EIA shows:

  • crude oil inventories -0.515M vs. 2.300M estimate
  • Gasoline inventories -2.707M vs 0.600M estimate
  • Distillates inventories -0.977M vs -1.595M estimate
  • Cushing 0.681M vs -0.346M last week
  • Crude production 13.5 million barrels versus 13.5 million barrels previously.

The private data released late yesterday showed:

Crude oil is trading at $68.19 ahead of the release.

The current prices trading at $68.32 after the report

This article was written by Greg Michalowski at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Weekly Market Outlook (25-29 November)

UPCOMING EVENTS:Monday: PBoC MLF, German IFO.Tuesday: US Consumer Confidence, FOMC Minutes.Wednesday: Australia...

ECB Villeroy says falling inflation allows the Bank to lower interest rates

Villeroy heads up the Bank of France. He spoke with Ouest-France newspaper,...

CCI Histogram Volume MT5 Indicator

The world of financial markets can feel like a whirlwind of charts,...

Global Market Weekly Recap: November 18 – 22, 2024

Global markets rallied despite heightened Russia-Ukraine tensions, with gold and oil gaining...