EIA Reports Decline of 7.4 Million Barrels in Oil Supplies
The Energy Information Administration released its report on Thursday which was delayed due to Labor Day this week. According to the EIA’s report, crude oil inventories fell by 7.4 million barrels for the week ending August 31st, 2012 while analysts predicted the drop of 5 million barrels.
EIA also reported the its data on gasoline inventories which declined 2.3 million barrels as compared to analysts’ expected decrease of 3.5 million barrels.
Twitter •
Most Popular Content
- Silver’s Getting Loud, Gold’s Ready to Get Started
- Copper Finds Its Footing as Market Sentiment Improves
- S&P 500 Grinds Higher as Rate Cut Hopes Simmer
- Bitcoin Holds Near $120K as 401(k) Buzz Meets Inflation Jitters
- Pound Climbs on BoE Cut and Dovish Signals
- Gold Soars on Tariff Shock as Copper Holds Steady
- Markets Wobble After Highs as Fed Holds Steady and Earnings Send Mixed Signals
- Copper Prices Drift in the Wake of a Surprise Tariff Shock
Currency Articles - Aug 13, 2025 1:07 - 0 Comments
Bitcoin Holds Near $120K as 401(k) Buzz Meets Inflation Jitters
More In Currency Articles
Gold and Oil News - Sep 21, 2025 10:31 - 0 Comments
Silver’s Getting Loud, Gold’s Ready to Get Started
More In Gold and Oil News
- Gold Soars on Tariff Shock as Copper Holds Steady
- Copper Prices Drift in the Wake of a Surprise Tariff Shock