- Change in crude oil inventories according to DOE: 1.792 million barrels (expected: 1.5 million barrels; previous: -0.607 million barrels) – S&P consensus
- Change in gasoline inventories: 4.12 milion barrels (expected: 0.7 million barrels; previous: -1.08 million barrels)
- Change in distillate inventories: 0.58 milion barrels (expected: -1.1 million barrels; previous: -1.68 million barrels)
The EIA, which is part of the Department of Energy, indicates that for now, most publications will proceed as usual, and further data will continue to be collected. This situation is expected to remain until the release of the next statement. Yesterday’s API data showed a decline in inventories by 3.67 million barrels versus an expected increase of 1.5 million barrels.
Source: xStation5
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
US100 loses 1.5% 📉
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 📉
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
