Publication of report from the US Department of Energy caused some moves on the oil market. Crude inventories fell more than expected while gasoline stockpiles increased more than expected. There was a surprise in distillate inventories data as it showed a big build, contrary to market expectations.
• Oil inventories: -5.40 mb vs -0.44 mb expected (API: -5.83 mb)
• Gasoline inventories: +2.207 mb vs +0.31 mb (API: +1.69 mb)
• Distillate inventories: +1.120 mb vs -0.513 mb (API: +0.85 mb)
• Oil inventories at Cushing, Oklahoma: - 1.624million barrels vs -0.923 million barrels previously
WTI Crude Oil (OIL.WTI) price bounced off major support at $84.00 after the release of today's EIA report. Source:xStation5
Daily summary: Wall Street and gold rebound 📈OIL gains 3.5%
BREAKING: US Existing Home Sales In Line With Expectations 📊Eurozone Consumer Confidence Slightly Higher
BREAKING: Canadian core retail sales well below expectations🚩USDCAD reacts
Economic calendar: US gas inventory data, Canadian retail sales
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.
