CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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. 81% 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.

US crude stocks fall more than expected

15:34 7 December 2022

Publication of report from the US Department of Energy failed to trigger big moves on the oil market. Crude inventories fell more than expected, while gasoline stockpiles increased significantly. There was a surprise in distillate inventories data as it showed bigger than expected build.

• Oil inventories: - 5.187mb vs -3.305 mb expected (API: -6.4 mb)

Start investing today or test a free demo

Open real account Try demo Download mobile app Download mobile app

• Gasoline inventories: +5.320 mb vs +2.7 mb (API: +5.9 mb)

• Distillate inventories: +6.159 mb vs +2.1 mb (API: +3.6 mb)

• Oil inventories at Cushing, Oklahoma: - 0.373 million barrels vs -0.415 million barrels previously

 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 $74.50 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.

Back