The US Energy Information Administration (EIA) showed today that the US crude inventories fell by 400K barrels to reach a total of 428.1 million barrels during past week, lower than forecasts of surge by 0.5 million.

The gasoline stockpiles rose by 1.7 million barrels to a total of 260 million barrels, and distillate stockpiles declined by 1.2 million barrels with a total of 146 million.

While the American Petroleum Institute (API) showed yesterday in preliminary data that the US commercial crude inventories rose by about 1.6 million barrels during same period.

Euro fell against the US dollar on Thursday, shaking off European Central Bank President Christine Lagarde's remarks.

The ECB kept interest rates at 0.00% unchanged today, and Lagarde did not hint at any coming monetary stimulus or any further rate cuts.

Lagarde stated during a news conference that she saw uncertainty and risks to economic growth easing around the eurozone and the global economy.

Lagarde attributed this to the easing of trade tensions between the US and China, after they signed the phase-one trade pact.

The European Commission President, Ursula von der Leyen, met with President Donald Trump, and Lagarde commented on the meeting that she sees positive signs on a potential fair deal.

Earlier, President Trump has warned the EU with tariffs on their car exports to the US if no fair deal is reached.

At 19:03 GMT, EUR/USD fell by 1.051, after hitting a day high of 1.1109 and a low of 1.1037.

Palladium prices fell on Thursday, to give up the record highs that were hit earlier this week.

Palladium fell under pressure from profit-taking from the strong gains reached by the industrial metal earlier.

The metal seized its place among precious metals, such as gold and platinum, due to its price jumps and sharp demand from industries, most notably automakers.

Palladium is drawing strong support from increased demand by automakers, as it is used in the manufacturing of care parts that reduce carbon dioxide emissions, which is a currently became an important standard in many countries seeking to combat climate change.

The global market is also facing supply shortages, due to the nature of mining operations of the metal as it's extracted as a secondary product from operations focused on platinum.

Palladium March futures fell by 0.7% to $2330 an ounce as of 15:07 GMT, after hitting a session-high of $2427 and a low of $2308.

The main US stock indices fell on Thursday, after the release of disappointing economic data, with focus on recent statements from the Davos World Economic Forum.

The US Labor Department showed today that the number of jobless claims in the US increased by 6K to 211K in the past week.

President Trump said yesterday on the sidelines of the World Economic Forum in Davos that the dollar strength is negatively affecting the US economy, and the Fed’s policies has obstructed the US stocks gains, due to interest rate hikes.

Trump also threatened the EU countries of a potential 25% tariffs on their cars exports to the US if they didn't agree on a fair trade deal.

As for stocks, Dow Jones was lower by 0.3% or 100 points to 29,085 at 15:11 GMT, Nasdaq lost 0.1% or 13 points to 9,371, and S&P 500 dipped 0.3% or 11 points to 3,310.