US Crude Stocks continue to fall

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Crude inventories in the US decreased by 4.98 million barrels in the week ended May 15th, 2020, following a 0.745 million drop in the previous period and compared with analysts’ estimates of a 1.15 million advance, according to the EIA Petroleum Status Report.

Meanwhile, gasoline inventories rose 2.83 million, while markets had forecast a 2.9million decline.

WTI Crude Oil (OIL.WTI) fell after the release of today's report and is curently testing $33.22 resistance level. Source: xStation5

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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.

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