The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 1.7 million barrels for the week ended Oct. 14. On average, analysts forecasted a decrease of 1.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also showed a weekly inventory decline of 100,000 barrels for gasoline, while distillate stockpiles edged up by 100,000 barrels. The analyst survey had called for decreases of 2.2 million barrels for gasoline and 2.5 million barrels for distillates. Crude stocks at the Cushing, Okla., Nymex delivery hub edged up by 600,000 barrels for the week, the EIA said. November West Texas Intermediate crude CLX22,
EURUSD: high amplitude of fluctuations and fast movements
The EURUSD pair reacts strongly to the Federal Reserve decision, with the euro attempting to build up upward momentum. Discover more in our analysis for