The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US decreased by 4.8 million barrels in the week ending August 30 compared to analysts estimate for a draw of 2.5 million barrels. With the initial reaction, the barrel of West Texas Intermediate rose to its highest level since August 1 at $57.72 and was last seen trading at $57.50, adding 2.75% on a daily basis. Key takeaways from the press release “Crude oil refinery inputs averaged 17.4 million barrels per day during the week ending August 30.” “Crude oil imports averaged 6.9 million barrels per day last week, up by 976,000 barrels per day from the previous week.” “Gasoline production decreased last week, averaging 10.3 million barrels per day.” “Total products supplied over the last four-week period averaged 21.7 million barrels per day.” 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 BTC/USD technical analysis: OBV indicator shows uptrend volume is wearing thin FX Street 4 years The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US decreased by 4.8 million barrels in the week ending August 30 compared to analysts estimate for a draw of 2.5 million barrels. With the initial reaction, the barrel of West Texas Intermediate rose to its highest level since August 1 at $57.72 and was last seen trading at $57.50, adding 2.75% on a daily basis. Key takeaways from the press release "Crude oil refinery inputs averaged 17.4 million barrels per day during the week ending August 30." "Crude oil imports… 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.
