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Breaking Posted 55 min ago

US Crude Inventories Fall 11.12 Million Barrels; Cushing Rises

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US crude inventories dropped 11.12 million barrels while Cushing stockpiles increased 1.823 million; SPR unchanged. The draw supports oil prices and may bolster CAD through crude strength. Traders await BOC Governor Macklem's speech on October 16 to assess central-bank repricing signals across EM commodity currencies.
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34 minutes ago

US Crude Oil Inventories Fall 11.12 Million Barrels

US crude inventories dropped 11.12 million barrels in the week ending October 9, sharply above the prior week's 2.09 million barrel decline. Commercial crude stocks excluding SPR have shed 51 million barrels over 26 weeks. Tighter supply supports oil prices, which feed into USD via energy costs and Fed inflation expectations tracking PCE.

https://oilprice.com/Latest-Energy-News/World-News/US-Crude-Oil-Inventories-See-Massive-Drop-Off.html
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