Oil stocks in the US declined more than expected last week. WTI continues to trade in the positive territory above $48. Crude Oil Stocks Change in the US was -6.1 million barrels in the week ending December 125, the weekly report published by the US Energy Information Administration (EIA) revealed on Wednesday. Analysts estimate was for a decrease of 2.5 million barrels. Market reaction The barrel of West Texas Intermediate (WTI) edged slightly higher after this report and was last seen gaining 0.45% on the day at $48.30. Additional takeaways “US crude oil refinery inputs averaged 14.3 million barrels per day during the week ending December 25, 2020, which was 273,000 barrels per day more than the previous week’s average.” “US crude oil imports averaged 5.3 million barrels per day last week, down by 238,000 barrels per day from the previous week.” “Total products supplied over the last four-week period averaged 19.1 million barrels a day, down by 6.4% 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 EUR/GBP back below 21DMA and 0.9050 mark, but bounces at 50DMA FX Street 2 years Oil stocks in the US declined more than expected last week. WTI continues to trade in the positive territory above $48. Crude Oil Stocks Change in the US was -6.1 million barrels in the week ending December 125, the weekly report published by the US Energy Information Administration (EIA) revealed on Wednesday. Analysts estimate was for a decrease of 2.5 million barrels. Market reaction The barrel of West Texas Intermediate (WTI) edged slightly higher after this report and was last seen gaining 0.45% on the day at $48.30. Additional takeaways "US crude oil refinery inputs averaged 14.3 million barrels per day during the week ending December 25, 2020,… 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.
