Thursday , 21 November 2024
Home Forex Weekly crude oil inventory data shows build of 0.545M vs 0.138M estimate
Forex

Weekly crude oil inventory data shows build of 0.545M vs 0.138M estimate

The weekly EIA inventory data shows:

  • Crude oil inventories build of 0.545Mvs build 0.138M estimate. Prior week +2.089 million
  • Gasoline inventories build of 2.054M vs build 0.859M estimate. Prior week -4.407M
  • Distillate inventories drawdown of -0.114M vs drawdown -0.020M estimate. Prior week -1.394M
  • Cushing inventories drawdown of -0.140M vs. drawdown -0.688M last week.

The private inventory data released late yesterday showed:

Crude oil is trading at $69.21. That’s down marginally on the day.

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Your email address will not be published.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

AI Platform bitGPT Experiences Significant Growth Following Binance Demonstration

Following its global unveiling on the main stage of Binance’s Blockchain Week...

ECB’s Stournaras vouches for a 25 bps rate cut in December

Trade tariffs likely to provoke a responseAnd a 25 bps rate cut...

Crude Oil Technical Analysis – We are stuck in a range

Fundamental OverviewCrude oil remains confined in a range between the 72.00 resistance...

USD/JPY sticks with the push and pull mood on the week

The price action in the pair has been rather up and down...