Commercial crude oil inventories in the United States increased by 7.9 million barrels in the week ending May 22nd, the Energy Information Administration (EIA) announced on Thursday. This reading came in higher than the market expectation for a decrease of 1.9 million barrels Market reaction Crude oil prices largely ignored this data. As of writing, the barrel of West Texas Intermediate was up 1.75% on the day at $32.75. Additional takeaways “US crude oil refinery inputs averaged 13.0 million barrels per day during the week ending May 22, 2020 which was 87,000 barrels per day more than the previous week’s average.” “Total products supplied over the last four-week period averaged 16.2 million barrels a day, down by 20.1% from the same period last year.” “Over the past four weeks, motor gasoline product supplied averaged 7.0 million barrels a day, down by 25.7% from the same period last year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY Price Analysis: Pound remains limited by the 133.00 resistance vs. Japanese yen FX Street 3 years Commercial crude oil inventories in the United States increased by 7.9 million barrels in the week ending May 22nd, the Energy Information Administration (EIA) announced on Thursday. This reading came in higher than the market expectation for a decrease of 1.9 million barrels Market reaction Crude oil prices largely ignored this data. As of writing, the barrel of West Texas Intermediate was up 1.75% on the day at $32.75. Additional takeaways "US crude oil refinery inputs averaged 13.0 million barrels per day during the week ending May 22, 2020 which was 87,000 barrels per day more than the previous week’s average." "Total products supplied over… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
