U.S. Crude Oil Inventories Plunge Much More Than Expected

RTTNews | Před 42 dny
U.S. Crude Oil Inventories Plunge Much More Than Expected

(RTTNews) - A report released by the Energy Information Administration on Wednesday showed a steep drop by U.S. crude oil inventories in the week ended June 13th.

The EIA said crude oil inventories plunged by 11.5 million barrels last week after falling by 3.6 million barrels in the previous week. Economists had expected crude oil inventories to dip by 2.3 million barrels.

At 420.9 million barrels, U.S. crude oil inventories are about 10 percent below the five-year average for this time of year, the report said.

Meanwhile, the EIA said gasoline inventories crept up by 0.2 million barrels last week but remain about 2 percent below the five-year average for this time of year.

Distillate fuel inventories, which include heating oil and diesel, also rose by 0.5 million barrels last week but remain about 17 percent below the five-year average for this time of year, the report said.

read more
Japan Interest Rate Decision Due On Thursday

Japan Interest Rate Decision Due On Thursday

The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate steady at 0.50 percent.
RTTNews | Před 20 minutami
Fed Leaves Interest Rates Unchanged In Divided Decision

Fed Leaves Interest Rates Unchanged In Divided Decision

The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged for the fifth consecutive meeting. In support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.
RTTNews | Před 3 h 55 min
Swiss Market Settles Lower After Choppy Session

Swiss Market Settles Lower After Choppy Session

The Switzerland market ended on a weak note on Wednesday despite spending much of the day's trading session in positive territory. The focus was on corporate earnings and the developments on the trade front.
RTTNews | Před 4 h 20 min
U.S. Pending Home Sales Unexpectedly Decrease In June

U.S. Pending Home Sales Unexpectedly Decrease In June

Pending home sales in the U.S. unexpectedly decreased in the month of June, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index slid by 0.8 percent to 72.0 in June after jumping by 1.8 percent to 72.6 in May. Economists had expected pending home sales to rise by 0.2 percent.
RTTNews | Před 7 h 21 min
Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting

Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting

In a widely expected move, the Bank of Canada on Wednesday announced that it has once again decided to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | Před 8 h 5 min
U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports

U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports

The Commerce Department released a report on Wednesday showing the U.S. economy rebounded by more than expected in the second quarter of 2025. The report said real gross domestic product surged by 3.0 percent in the second quarter after falling by 0.5 percent in the first quarter. Economists had expected GDP to jump by 2.5 percent.
RTTNews | Před 8 h 15 min