Thursday , 23 January 2025
Home Forex US crude oil inventory for the current week -0.515M vs 2.300M estimate
Forex

US crude oil inventory for the current week -0.515M vs 2.300M estimate

The weekly inventory data from the EIA shows:

  • crude oil inventories -0.515M vs. 2.300M estimate
  • Gasoline inventories -2.707M vs 0.600M estimate
  • Distillates inventories -0.977M vs -1.595M estimate
  • Cushing 0.681M vs -0.346M last week
  • Crude production 13.5 million barrels versus 13.5 million barrels previously.

The private data released late yesterday showed:

Crude oil is trading at $68.19 ahead of the release.

The current prices trading at $68.32 after the report

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Your email address will not be published.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

China to channel “hundreds of billions of yuan” annually from insurers into equities

China has unveiled a major initiative to channel hundreds of billions of...

USD/INR trades with mild gains amid further foreign outflows

The Indian Rupee (INR) edges lower on Thursday. The continued selling by...

Bank of England Financial Policy Committee External Member Carolyn Wilkins speaks Thursday

1000 GMT / 0500 US Eastern time - Bank of England Financial...

Japanese Yen hangs near one-week low against USD; focus remains on BoJ meeting

The Japanese Yen (JPY) edges higher during the Asian session on Thursday...