EIA Crude Oil Inventories: 3.614M (forecast 0.8M; previous 2.332M)
-
EIA Gasoline Inventories: -1.433M (forecast -0.75M; previous 0.369M)
-
EIA Distillate Inventories: -1.318M (forecast 1.5M; previous 3.908M)
-
EIA Crude Cushing Inventories: 1.124M (previous 1.282M)
The report presents mixed signals. There has been a significant increase in crude oil inventories, which is generally bearish for the market. However, this is partially offset by a decrease in petroleum product inventories. This decline in product inventories is not necessarily bullish, as it stems from reduced refinery capacity utilization rather than higher demand. WTI crude oil is currently testing the $66 per barrel level and may potentially close at its lowest price since 2021 today.

The Week Ahead
Economic Calendar - Global series of industrial PMI indicators and tech giants' results
📊Morning Wrap: Oil falls after Qatar talks. China injects liquidity, while the US prepares for elections.
💥Daily Summary: Tech Sector Crash on Wall Street and Historic Attack on Binance
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.