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Breaking Posted 6 hours ago

US Crude Oil Inventories Fall 8.6M Barrels, Beating Forecast

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EIA crude inventories fell 8.6M barrels against a forecast rise of 0.15M, sharply reversing the prior week's -3.2M decline. The larger-than-expected draw tightens supply and lifts crude prices, supporting CAD through energy correlation. Watch BOC Governor Macklem's speech on 16 October for central-bank repricing signals.
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6 hours ago

US Crude Inventories Fall 8.6 Million Barrels

US crude stockpiles dropped 8.6 million barrels to 415.6 million in the week ended October 9, per EIA data. Commercial inventories remain 3% above the five-year average. Lower crude supplies support oil prices, affecting CAD through energy correlations and EUR through energy-cost pass-through to eurozone inflation.

https://oilprice.com/Energy/Crude-Oil/EIA-Says-US-Crude-Inventories-Down-Nearly-9-Million-Barrels.html
6 hours ago

US Crude Oil Inventories Fall 8.6M Barrels; Gasoline Rises

US crude inventories dropped 8.6M barrels versus forecast -0.3M, a sharp reversal from prior week's -3.2M draw. Gasoline and distillate inventories rose unexpectedly, signalling weaker demand despite refinery utilisation gains. Oil prices face headwinds from mixed demand signals; USD energy-linked assets watch for demand-destruction confirmation ahead of Fed inflation data.

https://x.com/LiveSquawk/status/2110763276309090366
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