Monday , 24 February 2025
Home Forex EIA weekly US crude oil inventories +5841K vs +2366K expected
Forex

EIA weekly US crude oil inventories +5841K vs +2366K expected

  • Prior was +3210K
  • Gasoline +715K vs -1320K expected
  • Distillates +1659K vs -1153K expected
  • Production 13.1 mbpd vs 13.1 mbpd prior
  • Implied mogas demand: 8.61 Mbpd vs 9.24 Mbpd prior

API data released late yesterday:

  • Crude +3034K
  • Gasoline -609K
  • Distillates +120K

Oil initially fell 40 cents on the data but quickly pared that to a 10-15 cent decline.

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Your email address will not be published.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

What are the main events for today?

It's going to be kind of a synthetic Sunday today as we...

Eurostoxx futures +0.4% in early European trading

German DAX futures +0.9%UK FTSE futures flatSome thoughts on the election result...

Euro in search of a breakout on German election results

EUR/USD had been struggling to secure a firm break above 1.0500 since...

FX option expiries for Feb 24 NY cut

FX option expiries for Feb 24 NY cut at 10:00 Eastern Time...