- Crude oil inventories in the US decline by most sinve September 12
- Gasoline and distillate inventories also declined
- Crude oil inventories in the US decline by most sinve September 12
- Gasoline and distillate inventories also declined
Crude oil inventories: -0.961 mb (forecast: +2.181 mb; prior: 3.5 mb)
Gasoline inventories: -2.1 mb (forecast: -1.6 mb; prior: -0.27 mb)
Distillate inventories: -1.48 mb (forecast: -3.2 mb; prior: -4.5 mb)
US oil and product inventories fell in the week ended October 17, following a significant increase in the previous week. Inventories are slighly up compared to the level from the last year. It is important to note that commercial stock decrease was almost completely offset by another injection to Strategic Petroleum Reserve of 820 kb. The price is a little changed after the reading. WTI is still below 59 USD per barrel for December contract. Data failed to change focus from trade talks and also information about oil export from Russia.
Crude inventories are still slightly above 5 year minimum which is also a level from the previous year. The situation seems to be interesting as the oversupply in the market is huge and inventories are rather flat in recent months. Source: Bloomberg Finance LP
🛢️WTI Crude Rises Over 2%
IBM Earnings Preview: Will grandfather of IT industry deliver expectations?
Teledyne Technologies – Strong results but shares fall over 5%
Texas Instruments tumbles down after earnings, what went wrong?
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.
