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EIA crude oil inventories, Fed speakers in focus on Wednesday

Published 13/05/2025, 19:02
© Reuters.

As traders approach another pivotal day for financial markets, Wednesday, May 14, 2025, brings a series of crucial decisions and economic data releases that could sway market dynamics. The spotlight falls on the EIA Crude Oil Inventories report, which is expected to provide insights into U.S. oil demand and potentially impact inflation. Additionally, market participants will closely monitor speeches from Federal Reserve officials for clues on future monetary policy direction.

Major Economic Events to Watch

• 10:30 AM ET - EIA Crude Oil Inventories: Expected -2.400M, Previous -2.032M. This weekly report measures changes in commercial crude oil held by U.S. firms, influencing petroleum prices and inflation.

Other Important Economic Events to Watch

• 5:15 AM ET - Fed Waller Speaks: Federal Reserve Governor Christopher Waller’s remarks may offer insights into monetary policy outlook.

• 7:00 AM ET - OPEC Monthly Report: Provides analysis and outlook for the global oil market, impacting crude oil trends.

• 10:30 AM ET - EIA Weekly Cushing Oil Inventories: Previous -0.740M. Measures crude oil storage levels at the key delivery point for U.S. benchmark West Texas Intermediate.

• 5:40 PM ET - FOMC Member Daly Speaks: San Francisco Fed President Mary Daly’s comments may provide clues on future monetary policy decisions.

Other Economic Events to Watch

• 7:00 AM ET - MBA 30-Year Mortgage Rate: Previous 6.84%. Indicates fixed 30-year mortgage lending rates.

• 7:00 AM ET - MBA Mortgage Applications: Previous 11.0%. Measures changes in new mortgage applications.

• 7:00 AM ET - MBA Purchase Index: Previous 162.8. Indicator of impending home sales.

• 7:00 AM ET - Mortgage Market Index: Previous 248.4. Covers all mortgage applications during the week.

• 7:00 AM ET - Mortgage Refinance Index: Previous 721.0. Gauge of mortgage refinancing activity.

• 9:10 AM ET - Fed Governor Jefferson Speaks: Remarks may offer insights into Fed’s economic outlook.

• 10:30 AM ET - EIA Weekly Refinery Utilization Rates: Previous 0.4%.

• 10:30 AM ET - EIA Weekly Crude Imports: Previous 0.673M.

• 10:30 AM ET - EIA Weekly Distillates Stocks: Expected 0.500M, Previous -1.107M.

• 10:30 AM ET - Gasoline Inventories: Expected -0.900M, Previous 0.188M.

• 10:30 AM ET - EIA Weekly Heatoil Stock: Previous 0.123M.

• 10:30 AM ET - EIA Weekly Gasoline Production: Previous 0.253M.

• 10:30 AM ET - EIA Refinery Crude Runs: Previous -0.007M.

• 10:30 AM ET - EIA Weekly Distillate Fuel Production: Previous 0.041M.

• 11:00 AM ET - Thomson Reuters (NYSE:TRI) IPSOS PCSI: Previous 52.80. Measures consumer sentiment across various economic factors.

For further information and the latest updates, please refer to our Economic Calendar, here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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