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Weekly Crude Oil Inventories Report

From orbex.com

The latest data from the Energy Information Administration showed that crude stocks in the US rose over the week ending Nov 2nd by 5.8 million barrels. This figure is more than double the 2.4 million barrel increase that the market was looking for. The data also showed that gasoline stocks increased by 1.9 million barrels over the same period, far outstripping the forecast for a 2.3 million barrel drawdown and well above the -3.9 million figure of the previous week. Distillate stockpiles, including diesel and heating oil, were down by 3.5 million barrels over the week, lower than the expected 2.6 million barrel drop ... (full story)

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  • Category: Fundamental Analysis