The U.S. EIA released its weekly oil report, showing that crude oil inventories fell by 1.6 million barrels, and current inventory levels are 4% below the five-year average.

The EIA reported that U.S. crude oil inventories increased by 800,000 barrels from last week, below analysts' forecasts of 1 million barrels. The current level of crude oil inventories is about 4% below the average for the same five-year period.

In its latest monthly report, OPEC lowered its forecast for global oil demand growth in 2024 for the second consecutive time, reflecting the challenges faced by OPEC and OPEC+ in balancing supply and demand in the current market environment.

In their latest report, analysts at Morgan Stanley expect Brent crude to reach $75 a barrel by the fourth quarter of this year.

In this article, we will provide technical analysis on USD/JPY, Brent Crude Oil and Japan 225 Index.

The EIA reported that U.S. crude oil inventories fell by 6.9 million barrels as of last week, far exceeding market expectations for a 1.1 million barrel drop.

The EIA reported that U.S. crude oil inventories fell by 800,000 barrels from the previous week, below analysts' expectations of a 3 million barrel decrease.

The weekly oil status report released by the U.S. Energy Information Administration (EIA) showed that crude oil inventories increased by 1.4 million barrels from the previous week, while analysts were expecting a decrease of 2 million barrels.

The EIA report shows that the total gasoline inventory in the United States decreased by 5.6 million barrels in the past week, far exceeding analysts' expectations of 900,000 barrels.

The report shows that compared to last week, crude oil inventories have decreased by 4.9 million barrels, while analysts expect an increase of 800,000 barrels.

Latest retail sentiment and technical analysis on US crude oil, gold, and German DAX 40.

The EIA report shows that as of last week, US crude oil inventories have decreased by 12.2 million barrels, far exceeding analysts' expectations of 900,000 barrels.

Oil prices stayed slightly lower as the risk of hostilities between Israel and Iran diminished.

Compared with last week, crude oil inventories in the United States increased by 2.7 million barrels, while analysts generally expected an increase of 1.6 million barrels.