U.S. oil inventories
- Crude oil inventories, fact 7.929M, forecast 1.515M.
- Cushing (Oklahoma) crude oil inventories, fact 1.714M, previous value 1.572M.
- EIA weekly distillate reserves, fact -0.622M, forecast -0.949M.
- Gasoline inventories, fact -2.828M, forecast -1.809M.
Crude oil inventories in the US for the week rose to a three-week high. At the same time, stocks of distillates and gasoline decreased, partially reducing the risks of a further increase in supply.
Fig. U.S. Crude Oil Stock Chart
In the context of growing supply on the oil market, major brands accelerated the decline, moving to a downward correction. But the decline in the cost of major oil brands remains a limited reduction in gasoline reserves and the technical maintenance of upward dynamics in the oil market.
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