US EIA Crude Oil Imports Change (Jan/02) 0.563 (Prev. -0.957)
The latest EIA report shows a significant increase in US crude oil imports to 0.563 million barrels per day from the previous contraction of -0.957 million barrels.
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US EIA Crude Oil Imports Change (Jan/02) 0.563 (Prev. -0.957)
[MARKET UPDATE] Hawkish reaction following the US ISM Services figure where the headline topped expectations; session high for DXY (98.64) whilst USTs are eyeing session lows; US equity futures also pressured across the board, RTY -0.9%
EIA Expectations: Crude 1.1M, Distillate 2.2M, Gasoline 2.9M
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This change signals a possible shift in US supply dynamics, which could influence oil prices amid ongoing geopolitical uncertainties and refine import strategies. Traders should watch for potential impacts on WTI and Brent prices in the context of broader market trends.
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