Report from the US Department of Energy caused some moves on the oil market. Crude inventories increased unexpectedlywhile gasoline stockpiles dropped more than expected.
• Oil inventories: + 1.017million barrels vs -0.481 million barrels expected
• Gasoline inventories: -0.603 million barrels vs -0.461 million barrels expected
• Distillate inventories: -1.968 million barrels vs -1.002 million barrels expected
• Oil inventories at Cushing, Oklahoma: +0.787million barrels vs 0.216 million barrels previously
WTI Crude Oil (OIL.WTI) price rose after the release of today's EIA report and is testing the 200 SMA (red line). Source:xStation5
This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 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. X-Trade Brokers Dom Maklerski 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.