EIA Crude Oil Inventories: -1.812M (Forecast -1.3M, Previous 0.574M)
- EIA Gasoline Inventories Actual 6.397M (Forecast 2.043M, Previous 4.518M)
- EIA Distillate Inventories Actual 2.502M (Forecast 1.15M, Previous 2.059M)
- EIA Crude Cushing Inventories Actual 0.308M (Previous -0.457M)
Despite lower than expected oil inventories change, gasoline came in much higher than anticipated by oil market. The WTI oil reaction to EIA report was muted, futures are still falling.
Source: xStation5
Daily Summary: Wall Street Gains After CPI Data 📈 Gold and EURUSD Move Lower
Wheat jumps 4% 🔼 USDA estimates lowest U.S. crop since 1970
U.S. crude inventories surge 📈 EIA raises oil price forecast
Gold gains 1.5% 📈