BREAKING: US Crude Stocks Fall for the first time in 4 Months!

15:39 13 May 2020
Crude inventories in the US fell by 0.745 million barrels in the week ended May 8th, 2020, following a 4.59 million increase last week and compared with analysts forecasts of a 4.147 million advance, according to the EIA Petroleum Status Report. This is the first decline in since the mid January. Meanwhile, gasoline inventories fell for the third straight week, down by 3.513 million, while markets had forecast a smaller 2.216 million decline.
WTI Crude Oil (OIL.WTI)  price rose slightly after the release of today's report and is heading towards $27.79 resistance level. Source: xStation5

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.

Back

Join over 1.6 Million investors from around the world