US Department of Energy (DOE) released an official, weekly report on US oil inventories today at 3:30 pm BST. Report was expected to show an over-million barrels declines in all three major categories. However, private API report released yesterday in the evening suggested that oil, gasoline and distillate inventories all increased.
Actual data showed turned out to be mixed - oil inventories declined slightly more than expected, while gasoline and distillate inventories saw unexpected inventory builds. However, builds in gasoline and distillate inventories were smaller than suggested by yesterday's API release.
DOE report on US oil inventories:
- Oil inventories: -1.36 mb vs -1.2 mb expected (API: +0.51 mb)
- Gasoline inventories: +0.92 mb vs -1.4 mb expected (API: +1.46 mb)
- Distillate inventories: +0.56 mb vs -1.2 mb expected (API: +1.71 mb)
Source: xStation5
Daily Summary: Powell pulls markets back up! 📈 EURUSD higher
EURUSD higher after Powell's speech! 💶📈
WTI Crude Plunges Over 2% to Lowest Level Since May
Coffee Futures Soar 5%, Break 400 Cents per Pound
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.