CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: US crude stocks rise unexpectedly

15:36 11 May 2022

Report from the US Department of Energy caused some moves on the oil market as crude and gasoline inventories both jumped  unxpectedly.

• Oil inventories: +8.487million barrels vs -0.457 million barrels expected (API: +1.62 million barrels)

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• Gasoline inventories: +3.607million barrels vs -1.574 million barrels expected (API: +0.82 million barrels)

• Distillate inventories: -0.913million barrels vs -1.1 million barrels expected (API: +0.66 million barrels)

• Oil inventories at Cushing, Oklahoma: - 0.587 million barrels vs 1.379 million barrels previously

WTI Crude Oil (OIL.WTI) bounced off  the $103.62 support after the release of today's EIA report and is heading towards local resistance level at $105.55. Source:xStation5   

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