Report from the US Department of Energy failed to trigger big moves on the oil market. Crude inventories fell less than expected while gasoline stockpiles increased significantly. There was also a surprise in distillate inventories data as it showed a big build.
• Oil inventories: - 2.144 million barrels vs -3.283 million barrels expected (API: -0.643 million barrels)
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app• Gasoline inventories: +10.128 million barrels vs +1.775 million barrels expected (API: +7.06 million barrels)
• Distillate inventories: + 4.418million barrels vs +1.525 million barrels expected (API: +4.38 million barrels)
• Oil inventories at Cushing, Oklahoma: +2.577 million barrels vs 1.055 million barrels previously
The publication of today's report did not have a significant impact on the oil prices. WTI Oil (OIL.WTI) continues to trade around the $77.80 level. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
