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
US OPEN: All-time high and expectations ahead of the Fed
US500 at all-time high ahead of the Fed๐ฝWill BigTech support the momentum?
Gold surges 2% testing $5300 level amid weakening US dollar ๐
AUDUSD: Will the RBA be the next central bank to return to rate hikes?