Forex
globalreutersNovember 14, 20241 Mins read
EIA weekly crude oil inventories +2089K vs +750K expected
globalreutersNovember 14, 20241 Mins read - Prior was +2149
- Crude oil inventories +2089 K vs +750K exp
- Gasoline inventories -4407K vs +586K exp
- Distillates inventories -1394K vs +234K exp
- Refinery utilization +0.9% versus expectations of +0.6%
Private inventory data released late yesterday:
- Crude -777K
- Gasoline +312K
- Distillates +1136K
WTI crude was trading up 45-cents ahead of the report. Despite the headline, I take this as a bullish report on the large draw in products.
This article was written by Adam Button at www.forexlive.com.
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