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BREAKING: crude oil inventories slightly below expectations and higher thant one week ago 📌

3:32 PM 11 September 2024

03:30 PM BST, United States - EIA Data:

  • Crude Oil Inventories: actual 0.833M; forecast 0.900M; previous -6.873M;
  • Gasoline Inventories: actual 2.310M; forecast -0.400M; previous 0.848M;
  • EIA Weekly Distillates Stocks: actual 2.308M; forecast 0.300M; previous -0.371M;

Crude oil was trading at $66.70 just before the latest release, but it has since dropped to $65.95, marking a decrease of approximately 1.20%. This decline brings crude oil to its lowest level since the first half of 2023. Overall, OIl.WTI is currently trading 0.30% lower.

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