Crude Oil

US EIA Report Shows Larger Drop in Oil Inventories

EIA Crude Oil Inventories: -1.844M (Forecast -1M, Previous 0.545M)

  • EIA Gasoline Inventories: 3.314M (Forecast -0.1M, Previous 2.054M)
  • EIA Distillate Inventories: 0.416M (Forecast 0.05M, Previous -0.114M)

OIL drops only slightly today, moving in a potentially bearish flag pattern.

Source: xStation5

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