- Analytics
- News and Tools
- Market News
- Oil: DOE reports increase in crude inventories – TDS
Oil: DOE reports increase in crude inventories – TDS
Oil markets are holding steady despite the surprise increase in crude inventories reported by the U.S. Department of Energy (DOE), TDS analysts note.
Weaker demand and a large inventory weigh on prices
“Systematic flows have eased in WTI, but Brent crude could still see funds look to add +7% of their max historic position if prices can hold above $85.99/bbl.”
“Elsewhere, weaker demand statistics and a large inventory build in gasoline, bucking the typical seasonal pattern heading into summer driving season, has prompted Commodity Trading Advisors (CTAs) to turn heavy sellers in RBOB gasoline.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
