BREAKING: EIA’s crude oil inventories decline even further!

A few moments ago investors were offered The Energy Information Administration’s (EIA) report. The weekly data showed an unexpected crude oil inventories decline and totally missed market expectations. Gasoline inventories fell as well, but not as much as predicted. Surprisingly, distillate inventory showed a huge build-up. The exact results were as follows:

  • Crude Oil Inventories: -4389k (vs expected: 1453.20k)

  • Gasoline Inventories: -381k (vs expected: -1059.40k)

  • Distillate Inventory: 3461k (vs expected: -227.70k)

After significant decrease of crude oil inventories in recent weeks, inventories decline even further. Source: Bloomberg

Daily summary: Global stocks dip, Trump-Biden debate in focus
Big Lots stock jumped on optimistic outlook
BREAKING: U.S. CB Consumer Confidence well above expectations
BREAKING: Germany slips into deflation in September
Coronavirus: market update
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.