U.S. Oil Inventories Data - Ester Holdings
||

U.S. Oil Inventories Data

  • Crude oil inventories, fact 5,702M, forecast 0,494M.
  • Cushing (Oklahoma) crude oil inventories, fact 1,572M, previous value 1,506M.
  • Weekly distillate stocks according to EIA, fact -1.032M, forecast -2.350M.
  • Gasoline inventories, fact -3.037M, forecast -2.185M.

Crude oil inventories in the US rose by a significant 5.7 million barrels for the week. By doing so, they collapsed the cost of oil due to the growth in supply. Data on gasoline and distillate stocks turned out to be mixed, but they have little effect on the oil market amid a significant increase in crude oil reserves.

Fig. US Crude Oil Stock Chart

Despite a significant increase in the US oil inventories, the oil market continues to be limited to the lows of this week. Since the market took into account the growth in supply in the cost of oil, it is also worth noting the preservation of the downward dynamics, which will be limited by oversold.



Hanzenko Anton


Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

  1. An uncertainty about Brexit is increasing
  2. Aggravation of the US – eurozone trade tension 
  3. USD/CNY – an indicator of the progress of the US – China trade relations 

Current Investment ideas:

  1. One more opportunity to earn in October! Sell ​​#CAT shares now!
  2. Several reasons to buy Cisco Systems, Inc. shares in October. Let’s earn Together!
  3. Technology giant Microsoft is getting ready to storm new highs! Let’s make money on it!

Аналитическая рассылка

分析 交貨
签署每日早晨分析报告,首先了解最重要的市场活动!

Вы с украины?