EIA: US crude inventories rise unexpectedly

Economies.com
2017-11-15 15:47PM UTC

The Energy Information Administration released its report on US crude stocks, showing a buildup of 1.9 million barrels in the week ending November 11, adding to the previous week's 2.1M increase, while analysts expected a 2.1M drop, with total stocks now reaching 459.0 million barrels, remaining within the upward range on average in this time of year. 

 

Otherwise, gasoline stocks in the world's largest energy consumer rose 0.9 million barrels, while distillate stocks, including heating fuel, fell 0.8 million barrels, remaining within the lower range on average in this time of year.  

Forex and Currency News

Forex News

Forex

Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
AUD/USD news

Forex

Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
USD/JPY news

Forex

Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...

Forex Technical Analysis

EUR JPY Analysis

Forex

The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
GBP JPY Analysis

Forex

The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
USD CHF Analysis

Forex

The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...