Wednesday , 2 October 2024
Home Forex EIA weekly crude oil inventories +3889K vs -1250K expected
Forex

EIA weekly crude oil inventories +3889K vs -1250K expected

  • Crude oil inventories +3889K vs -1250K exp
  • Gasoline inventories +1119K vs +450K exp
  • Distillates inventories -1284K vs -1400K exp
  • Refinery utilization -3.3% versus expectations of -0.5%. Previously -1.2%

I wonder if there isn’t some kind of skew here due to hurricane preparations. The private oil data showed a decent draw and a bigger draw in distillates.

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Your email address will not be published.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

GBP forecasts: EUR/GBP to 0.85 but GBP/USD to 1.3530

MUFG on GBP, up against the Fed-weakened USD but down against the...

100bp of rate cuts coming up from the Reserve Bank of New Zealand, beginning next week

There is a cascade of 50bp rate cut calls for the Reserve...

The big reason that’ll make the European Central Bank cut rates to as low as 1%

A snippet via UBS, info conveyed by Reuters overnight. Analysts at the...

Forexlive Americas FX news wrap 2 Oct: JPY moves sharply lower as rate hikes off table

US major indices close marginally higherGoldman Sachs: Be careful with USD shorts,...