- EIA Crude Oil Inventories Actual -3.832M (Forecast -1M, Previous -1.934M)
- EIA Distillate Inventories Actual 5.594M (Forecast 1.1M, Previous 4.977M)
- EIA Gasoline Inventories Actual 7.702M (Forecast 2M, Previous 5.845M)
DOE data showed a significant decline in US oil inventories and an increase in petroleum products, with the lack of market reaction to the data resulting from API data, which had already suggested a sharp decline in crude inventories, On the other hand, markets are also reacting to the situation in Venezuela and the long-term possibility of increased oil production from that country.
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
US100 loses 1.5% 📉
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 📉
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