EIA Crude Oil Inventories: -2.295M vs 1.95M exp. 3.602M previously
- Gasoline Inventories: 0.223M vs 2.55M exp. and 5.977M previously
- Distillate Inventories: 0.329M -0.25M exp. and 3.348M previously
West-Texas Intermediate oil prices are rising today amid geopolitical tensions and much lower than expected inventories change (also gasoline inventories) reported by EIA. As we can see below, OIL.WTI approaches EMA200 (the red line) level, trying to reverse the downtrend.
Source: xStation5
Daily summary: Indices and crypto decline amid rising oil prices ๐ฉ Gold and the US dollar move higher
Oil surges 11% amid escalating Middle-East conflict ๐VIX gains driven by fear on Wall Street
Bitcoin loses the momentum again ๐Ethereum slides 5%
Three markets to watch next week (06.03.2026)