Crude oil inventories rose by 3.378 million barrels, American Petroleum Institute (API) data showed on Tuesday. U.S. crude inventories increased 13 million barrels last year, according to API data, while crude stored in the nation’s Strategic Petroleum Reserves sunk by 221 million barrels. This week, SPR inventory held steady for the second week in a row at 371.6 million barrels as the emergency releases that the Biden Administration announced last spring are now complete. The SPR now contains the least amount of crude oil since early December…
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Oil Prices Drop Ahead Of Fed Announcement
After reversing last week’s rout and rising for two consecutive days earlier this week, oil prices were down on Wednesday morning in Asian trade ahead of a Fed update on interest rates and other monetary policy measures. At the time of writing, Brent c...
Robust EV Demand Sends Argentina’s Mining Exports To A 10-Year High
Exports of mined commodities from Argentina hit the highest in 10 years in 2022 driven by demand for EV battery metals, notably lithium. Argentina made $3.86 billion from mined commodity exports last year, Reuters reported, citing government data, with...
Consumer price index. UK, 09:00 (GMT+2)
At 09:00 (GMT+2) in the UK, February data on the consumer price index will be released. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services (food, transport, utili...
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Oil Prices Drop Ahead Of Fed Announcement
After reversing last week’s rout and rising for two consecutive days earlier this week, oil prices were down on Wednesday morning in Asian trade ahead of a Fed update on interest rates and other monetary policy measures. At the time of writing, Brent c...
Robust EV Demand Sends Argentina’s Mining Exports To A 10-Year High
Exports of mined commodities from Argentina hit the highest in 10 years in 2022 driven by demand for EV battery metals, notably lithium. Argentina made $3.86 billion from mined commodity exports last year, Reuters reported, citing government data, with...
Consumer price index. UK, 09:00 (GMT+2)
At 09:00 (GMT+2) in the UK, February data on the consumer price index will be released. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services (food, transport, utili...
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