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New data EIA Crude Oil Stocks Change (Jan/31)

2/5/2025

actual 8.664, previous 3.463

The event is the EIA Crude Oil Stocks Change for the week ending on January 31st. The actual change in crude oil stocks was 8.664 million barrels, which was higher than the previous week's value of 3.463 million barrels. This represents a significant increase of 150.188% compared to the previous period. The event is considered to have a medium impact on the market. The market estimate was 2.6 million barrels, so the actual value exceeded expectations. This data is important for investors and traders as it provides insights into the supply and demand dynamics of crude oil in the US market.

This is not investment advice. Remember to verify the information provided here.

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