Crude oil stocks rose more than expected in the United States (US). West Texas Intermediate (WTI) erased a portion of daily gains after the data. The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US increased by 9.3 million barrels in the week ending October 11, compared to analysts estimate for a build of 2.9 million barrels. With the initial market reaction, the barrel of WTI eased from session highs and was last seen trading at $53, still up 0.2% on a daily basis. Key takeaways from the press release “Refineries operated at 83.1% of their operable capacity last week.” “Gasoline production decreased last week, averaging 10 million barrels per day.” “Distillate fuel production increased last week, averaging 4.7 million barrels per day.” “Total products supplied over the last four-week period averaged 21.1 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 EUR/GBP technical analysis: Bounces from the 0.8600 handle, trading at multi-month lows FX Street 4 years Crude oil stocks rose more than expected in the United States (US). West Texas Intermediate (WTI) erased a portion of daily gains after the data. The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US increased by 9.3 million barrels in the week ending October 11, compared to analysts estimate for a build of 2.9 million barrels. With the initial market reaction, the barrel of WTI eased from session highs and was last seen trading at $53, still up 0.2% on a daily basis. Key takeaways from the press… 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.
