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EIA Last Week Crude Oil Inventory Reduction Is Less Than Market Expectations / The United States Has A Slowdown In The Increase In Consumer Price In July

EIA Last Week Crude Oil Inventory Reduction Is Less Than Market Expectations

US Energy Information Technology (EIA) announced that crude oil inventory was reduced by 447,000 barrels last week, which was reduced by less than 12.71 million barrels expected, and the previous week was an increase of 3626,000 barrels. During the period, gasoline inventory is reduced by 1.4 million barrels, and the market is expected to reduce 16.57 million barrels. As for distillation oil inventory, it increases by 1766 million barrels, which is much higher than the market expectation by 4.72 million barrels. US crude oil inventory has less expected, coupled with the US CNBC, and the Biden government will call on OPEC and production oil alliance to increase production to curb continuously climbing oil prices. The above message is limited, and the New York oil price (WTI) is temporarily on the 69 US dollar.

The United States Has A Slowdown In The Increase In Consumer Price In July

The US Department of Labor said that the consumer price index (CPI) has risen by 0.5% last month after the increase of 0.9% in June. July CPI rose 5.4% year-on-year. The monthly inflation is 15 months old. The United States has slowed in July, although it is still in the 13-year high in annual rate, and there is a preliminary sign. As the economy adapts to the supply chain, inflation has been seen. Deducting a large fluctuation and energy ingredients, the core CPI has risen by 0.3% after a rising in June. This is the minimum increase in four months, and it is also the first deceleration since February since February.

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