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Breaking Posted 18 days ago

US Crude Oil Inventories Fall 3.2M Barrels, Beating Forecast

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US crude inventories dropped 3.2M barrels versus a forecast rise of 1.9M, a sharp reversal from the prior week's 0.9M gain. The larger-than-expected drawdown tightens supply and supports oil prices, lifting CAD as crude correlates closely with the loonie. Traders now watch Canadian employment data (Oct 9) to gauge BoC repricing odds.
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2 weeks ago

US Crude Oil Inventories Fall 3.2M Barrels in Week to October 2

US crude inventories dropped 3.2M barrels against a forecast increase of 1.9M, a sharp reversal from the prior week's 922K gain. Gasoline inventories rose 382K despite a -1.6M forecast, while refinery utilization climbed 0.20% week-on-week. Oil-sensitive currencies including CAD and energy-linked emerging markets face repricing; traders await FOMC minutes today and Trump remarks for fresh Fed-path signals.

https://x.com/LiveSquawk/status/2107841631000891882
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@hipkin_mike · 2 weeks ago

As it should, Trump is helping the people

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