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Home Forex News

US weekly crude oil inventories +2025K vs -1917K expected

by Trading How
June 8, 2022
in Forex News
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  • Prior was -5068K
  • Gasoline -812K vs +1075K anticipated
  • Distillates +2592K vs +1060K anticipated
  • Cushing -1593K vs +256K prior

API information launched late yesterday:

  • Crude +1845K
  • Gasoline +1821K
  • Distillates vs +3376K
  • Cushing vs -1839K

There’s a little bit of proof of some loosening within the crude market right here nevertheless it’s one week of information. Gasoline stays extraordinarily tight with inventories 10% under the long-term common.

WTI crude oil had traded as excessive as $121.37 after UAE’s minister warned about dwindling international spare capability however later gave it nearly all again and is up 40 cents to $119.72.

oil inventories

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