Read more

BREAKING: Crude oil inventories fall stronger than expected

6:06 PM 23 January 2025

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

Share:
Back

Market News

30.06.2025
19:16

Daily summary: Dollar Dips, while US Indices Reach New All-Time-Highs (30.06.2025)

American indices close Q2 2025 at new record highs amid a more dovish Federal Reserve narrative and expected trade agreements between the US and...

 16:45

EURUSD Breaks Over 1.1750 After Dovish Fed Signals 🕊️

The EUR/USD extended its rally above 1.1750 following dovish remarks from Atlanta Fed President Raphael Bostic. He expressed openness to one rate cut in...

 15:43

BREAKING: Fed Dallas Manufacturing Activity Below Estimates

15:30 BST, United States - Fed Dallas Manufactuing Activity for June: actual: -12.7 forecast: -12 previously: -15.7   Another...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits