US crude oil inventory for the current week -0.515M vs 2.300M estimate

October 30, 2024
-FCHFX

October 30, 2024 at 02:30PM
The weekly inventory data from the EIA shows:

crude oil inventories -0.515M vs. 2.300M estimate

Gasoline inventories -2.707M vs 0.600M estimate

Distillates inventories -0.977M vs -1.595M estimate

Cushing 0.681M vs -0.346M last week

Crude production 13.5 million barrels versus 13.5 million barrels previously.

The private data released late yesterday showed:

Crude oil is trading at $68.19 ahead of the release.

The current prices trading at $68.32 after the report

This article was written by Greg Michalowski at www.forexlive.com.

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