4:01 PM · 17 October 2024

DOE report shows a decrease in oil inventories, Oil gains after the data

Change in barrels of oil: 

  • Actual: -2.191 million 
  • Forecast: 1.5 million
  • Previously: 5.81 million 

In response to the data, the price of oil on the market is rebounding after declines i. Prices are rising by more than 0.5%. Source: xStation

 
 

 

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Oil declines under the weight of inventories

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