Oil Futures Lower Ahead of EIA Data, Fed Decision -- Market Talk

Dow Jones

Jan 29, 2025

0901 ET - Crude futures are lower after an industry report of a first increase in U.S. crude stocks in 10 weeks, and brief protests ended at two Libyan oil export ports. The API reported a 2.9 million barrel build in U.S. crude stocks, analysts note, along with a further increase in gasoline and a withdrawal in distillates. Analysts surveyed by the Wall Street Journal expect the EIA to report a 1.1 million barrel increase in crude inventories. "In addition to today's EIA, the Fed rate decision later today could prompt some oil price movement, and we still look for the impact to skew in favor of a strengthening in the U.S. dollar that could add to ongoing downside pressures across the energy complex," Ritterbusch says in a note. WTI is off 0.6% at $73.33 a barrel, and most active Brent is down 0.6% at $76.01 a barrel. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

January 29, 2025 09:02 ET (14:02 GMT)

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The API reported a 2.9 million barrel build in U.S. crude stocks, analysts note, along with a further increase in gasoline and a withdrawal in distillates. Analysts surveyed by the Wall Street Journal expect the EIA to report a 1.1 million barrel increase in crude inventories. \"In addition to today's EIA, the Fed rate decision later today could prompt some oil price movement, and we still look for the impact to skew in favor of a strengthening in the U.S. dollar that could add to ongoing downside pressures across the energy complex,\" Ritterbusch says in a note. WTI is off 0.6% at $73.33 a barrel, and most active Brent is down 0.6% at $76.01 a barrel. (anthony.harrup@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 09:02 ET (14:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Futures Lower Ahead of EIA Data, Fed Decision -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Futures Lower Ahead of EIA Data, Fed Decision -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-29 22:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0901 ET - Crude futures are lower after an industry report of a first increase in U.S. crude stocks in 10 weeks, and brief protests ended at two Libyan oil export ports. The API reported a 2.9 million barrel build in U.S. crude stocks, analysts note, along with a further increase in gasoline and a withdrawal in distillates. Analysts surveyed by the Wall Street Journal expect the EIA to report a 1.1 million barrel increase in crude inventories. \"In addition to today's EIA, the Fed rate decision later today could prompt some oil price movement, and we still look for the impact to skew in favor of a strengthening in the U.S. dollar that could add to ongoing downside pressures across the energy complex,\" Ritterbusch says in a note. WTI is off 0.6% at $73.33 a barrel, and most active Brent is down 0.6% at $76.01 a barrel. (anthony.harrup@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 09:02 ET (14:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EIA","symbol_name":"Eaton Vance California Municip","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507395096","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507395096","pubTimestamp":1738159320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0901 ET - Crude futures are lower after an industry report of a first increase in U.S. crude stocks in 10 weeks, and brief protests ended at two Libyan oil export ports. The API reported a 2.9 million barrel build in U.S. crude stocks, analysts note, along with a further increase in gasoline and a withdrawal in distillates. Analysts surveyed by the Wall Street Journal expect the EIA to report a 1.1 million barrel increase in crude inventories. \"In addition to today's EIA, the Fed rate decision later today could prompt some oil price movement, and we still look for the impact to skew in favor of a strengthening in the U.S. dollar that could add to ongoing downside pressures across the energy complex,\" Ritterbusch says in a note. WTI is off 0.6% at $73.33 a barrel, and most active Brent is down 0.6% at $76.01 a barrel. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EIA":"Eaton Vance California Municip"},"translate_title":"石油期货在EIA数据和美联储决定之前走低——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US3Y.BOND":1,"US30Y.BOND":1,"US6M.BOND":1,"US7Y.BOND":1,"US2Y.BOND":1,"EIA":1,"US12M.BOND":1,"US5Y.BOND":1,"US10Y.BOND":1},"content_text":"0901 ET - Crude futures are lower after an industry report of a first increase in U.S. crude stocks in 10 weeks, and brief protests ended at two Libyan oil export ports. The API reported a 2.9 million barrel build in U.S. crude stocks, analysts note, along with a further increase in gasoline and a withdrawal in distillates. Analysts surveyed by the Wall Street Journal expect the EIA to report a 1.1 million barrel increase in crude inventories. \"In addition to today's EIA, the Fed rate decision later today could prompt some oil price movement, and we still look for the impact to skew in favor of a strengthening in the U.S. dollar that could add to ongoing downside pressures across the energy complex,\" Ritterbusch says in a note. WTI is off 0.6% at $73.33 a barrel, and most active Brent is down 0.6% at $76.01 a barrel. (anthony.harrup@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2025 09:02 ET (14:02 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}