3:44 PM · 7 August 2024

DOE report shows higher decline in oil inventories than expected

OIL.WTI
Commodities
-
-

Change in barrels of oil: 

  • Actual: -3.72 million 
  • Forecast: -1.8 million
  • Previously: -3.44 million 

In response to the data, the price of oil on the market is rebounding after declines initiated to a peak at around 2:00 pm BST. Prices are rising by more than 0.5%, approaching today's highs. Source: xStation

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