US EIA Crude Oil Imports Change (Jan/16) -0.027 (Prev. 0.710, Rev. From 0.71)
The US EIA's report shows a significant decrease in crude oil imports, dropping to -0.027 million barrels from a previous level of 0.710 million barrels.
Bank of America (BAC) and Citigroup (C) weigh new credit cards with 10% rate, Bloomberg reports
US 30-yr fixed rate mortgage averages 6.09% in Jan 22 week vs 6.06% prior week
US EIA Crude Oil Imports Change (Jan/16) -0.027 (Prev. 0.710, Rev. From 0.71)
Copper production at a Capstone Copper Corp. mine in northern Chile has halted amid a nearly three-week labour strike, Bloomberg reports
Atlanta Fed GDPnow (Q4): 5.4% (prev. 5.4%)
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This contraction in imports could indicate an improving domestic supply situation or changes in demand dynamics, potentially impacting oil prices and broader energy market sentiment. Traders should consider how this aligns with other supply-demand factors and geopolitical developments affecting oil markets.
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