5:13 PM · 27 December 2019

BREAKING: The oil price rebound on big inventory drop

OIL.WTI
Commodities
-
-

The price of oil rebounds on the biggest draw of oil inventories than market expected. The drop was almost 5,5 million barrels while 1,5 decrease was expected. Distillates inventories decreased also, despite expectations indicated a little increase. On the other hand gasoline inventories rose almost by 2 million barrels. Market expected 1,6 million barrels increase due to rebound of refinery utilization.

 

The price of oil rebounded after the DOE report showed biggest than expected inventory draw. Still, the price of oil is set for the biggest monthly gain in almost a year. Source: xStation5

22 August 2025, 12:42 PM

Will Powell remain hawkish❓

13 February 2025, 12:27 PM

Market story: Valentine's Day has never been so expensive? The prices of coffee, chocolate and gold are at an all-time high

23 September 2024, 2:40 PM

Will the ECB be forced to follow the Fed?

23 August 2024, 2:59 PM

❗BREAKING: Jerome Powell at Jackson Hole (LIVE)

Join over 1 700 000 XTB Group Clients from around the world

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