BREAKING: Strong Increase in U.S. Crude Oil Inventories

Key Data:

Oil inventories: 3.94 mb (forecast: - 1mb; prior: 2.42mb)
Gasoline: 1.46 mb (forecast: -0.2 mb; prior: -3.8mb)
Distillates: 4.7mb (forecast: 0.1mb; prior: 1.68mb)

Crude oil inventories according to the DOE increased last week by 3.94 million barrels (expectations were for a decline of 1 million barrels, previously there was an increase of 2.42 million barrels). Gasoline inventories rose by 1.46 million barrels (expectations were for a decline of 0.2 million barrels, previously there was a decrease of 3.8 million barrels). Meanwhile, distillate inventories increased by 4.72 million barrels (expectations were for a slight rise of 0.1 million barrels, previously there was an increase of 1.68 million barrels).

Source: xStation5

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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.

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