Oil Inventories report (EIA) from US:
- Crude oil inventories: 0,733 mln barrels vs 1,802 mln exp vs 1,371 mln previously
- Gasoline inventories: 0,065 mln vs -0,133 mln exp vs 0,156 mln previously
- Distilates inventories: 0,792 mln vs - 1 mln exp vs 1,686 mln previously
- Oil Crude inventories in Cushing: 0,272 mln s 0,213 mln previously
In the first reaction after EIA report (lower crude inventories growth and higher gasoline, distillates and oil stocks in Cushing, Oklahoma) WTI drops slightly.
Source: xStation5
Oil down nearly 5% following the announcement that European diesel reserves will be released💡
🟡Gold takes a breath, because of oil, not NFP
Daily Summary: Wall Street Recovers as Micron Shines and Oil Prices Rise Again
The US has a Diesel problem. Now Europe is being asked to open its reserves