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Analytics, News, and Forecasts for CFD Markets: raw news — 08-05-2019.
The
U.S. Energy Information Administration (EIA) revealed that crude inventories fell
by 3.963 million barrels in the week ended May 3. Economists had forecast an
increase of 1.900 million barrels.
At
the same time, gasoline stocks declined by 0.596 million barrels, while
analysts had expected a drop of 1.000 million barrels. Distillate stocks reduced
by 0.159 million barrels, while analysts had forecast a decrease of 0.500 million
barrels.
Meanwhile,
oil production in the U.S. decreased by 100,000 barrels a day to 12.200 million
barrels a day.
U.S.
crude oil imports averaged 6.7 million barrels per day last week, down by
721,000 barrels per day from the previous week.
| Raw materials | Closed | Change, % |
|---|---|---|
| Brent | 69.43 | -2.2 |
| WTI | 61.42 | -1.67 |
| Silver | 14.88 | 0.07 |
| Gold | 1284.196 | 0.29 |
| Palladium | 1327.73 | -0.88 |
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