Friday , 28 February 2025
Home Forex EIA weekly US crude oil inventories +2149K vs +1103K expected
Forex

EIA weekly US crude oil inventories +2149K vs +1103K expected

  • Prior was +5474
  • Crude oil inventories +2149K vs +1103K exp
  • Gasoline inventories +412K vs -878K exp
  • Distillates inventories +2947K vs -1137K exp
  • Refinery utilization +1.4% versus expectations of +0.3%

Private inventory data released late yesterday:

  • Crude +1643K
  • Gasoline -2019K
  • Distillates -1478K

Today’s report is bearish for crude but ahead of the report, it had made an impressive comeback.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

S&P 500 Technical Analysis – Trump adds fuel to the fire

Fundamental OverviewThe S&P 500 extended the selloff yesterday following fresh Trump’s tariffs...

Bavaria February CPI +2.4% vs +2.5% y/y prior

The other state readings released around the same time:Hesse CPI +2.3% vs...

Germany February unemployment change 5k vs 15k expected

Prior 11kUnemployment rate 6.2% vs 6.2% expectedPrior 6.2%German unemployment rose less than...

What is the distribution of forecasts for the US PCE?

Why it's important?The ranges of estimates are important in terms of market...