US Crude Stocks fall for 2nd week

Crude inventories in the US dropped  by 7.373 million barrels in the week ended July 31st, following an 10.612 million decline in the previous week and compared with analysts’ estimates of a 3.001 million decrease, according to the EIA Petroleum Status Report.

 

Cushing Crude Oil inventories decreased to 0.532  million barrels from 1.309 million barrels in the previous week.

 

Gasoline inventories rose by about 0.419 million barrels, following a 0.654 million increase in the prior period and above  analysts’ expectations of about 0,17 million barrels decline.

The publication of today's report did not have a significant impact on the oil prices. WTI Oil (OIL.WTI) continues to trade around the $43,00 support level. Source: xStation5

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.