05:00 PM GMT, United States - EIA Data:
-
Crude Oil Inventories: actual -1.017M; forecast -0.4M; previous -1.962M;
-
Crude Oil Imports: actual 0.184M; previous -1.304M;
-
Gasoline Inventories: actual 2.332M; forecast 2.500M; previous 5.852M;
-
Gasoline Production: actual -0.043M; previous 0.397M;
-
EIA Weekly Distillates Stocks: actual -3.070M; forecast 0.600M; previous 3.077M;
-
Distillate Fuel Production: actual -0.473M; previous -0.021M;
Although data suggests an overally improved demand for crude, the WTI contracts continue falling after Donald Trumps' declarations at the World Economic Forum in Davos to pressure OPEC and Saudi Arabia to lower oil prices.
Source: xStation5
3 markets to watch next week (24.10.2024)
Chart of the day: GOLD (24.10.2025)
NATGAS loses after the EIA inventories report
BREAKING: OIL gain extends to 3.5% 📈Chinese state companies stop Russian oil purchases