U.S. Oil Inventories Data
- Crude oil inventories, fact -6.912M, forecast -2.686M.
- Cushing (Oklahoma) Crude oil inventories, fact -0.798M, previous value -0.230M.
- Weekly distillate reserves according to EIA, fact 2.704M, forecast 0.072M.
- Gasoline inventories, fact -0.682M, forecast -0.847M.
Crude oil inventories in the United States declined more significantly than expected by 6.9 million barrels. But the report on oil reserves in the United States put pressure on the oil market due to a noticeable increase in oil reserves. Of particular note is the increase in distillate stocks.
Fig. U.S. Crude Oil Stock Chart
Amid growing pessimistic sentiment, thanks to an increase in oil products reserves and technical correction after growth, the oil market accelerated its decline to weekly lows, limiting itself to the opening levels of the current week.
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- The British pound is growing on Johnson’s failures
- Boris Johnson leads the UK to a tough Brexit
- Currency is a weapon in a trade war!
Current Investment ideas: