![](https://esterholdings.com/wp-content/uploads/forex-iran-e1455693681721-730x464.jpg)
US Oil Reserves Data
- Crude oil inventories, fact 2,385M, forecast -2,845M.
- Cushing (Oklahoma) crude oil inventories, fact -1.504M, previous value -1.533M.
- EIA weekly distillate reserves, fact 1,529M, forecast 0,482M.
- Gasoline inventories, fact 4.437M, forecast -0.722M.
Oil and petroleum product inventories in the US unexpectedly increased over the week, putting an additional pressure on the oil market. So, crude oil reserves for the first time in seven weeks showed a positive trend. In addition, stocks of gasoline and distillates increased, which puts additional pressure on the oil market.
Fig. US Crude Oil Stock Chart
Earlier, pessimistic expectations for a slowdown in the global economy exerted pressure on the oil market. The oil market remains under the pressure and aimed at the lows of the beginning of 2019 and the end of 2018.
Rad also: “Top 5 books on trading. Read and progress »
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog: