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Existing home sales and oil inventories top Wednesday’s economic agenda

Published 22/07/2025, 19:02
© Reuters.

As traders approach another pivotal day for financial markets, Wednesday Wednesday, July 23, 2025, a series of crucial economic data releases that could sway market dynamics are expected. The spotlight will be on existing home sales and crude oil inventories, both key indicators of economic health and energy market trends respectively.

Major Economic Events to Watch

10:00 AM ET - Existing Home Sales (Jun): Forecast 4.01M, Previous 4.03M. This report gauges the strength of the U.S. housing market and overall economic health.

• 10:30 AM ET - EIA Crude Oil Inventories: Previous -3.859M. This weekly report influences petroleum product prices and can impact inflation.

Other Important Economic Events to Watch:

• 10:00 AM ET - Existing Home Sales (MoM) (Jun): Previous 0.8%. Measures the monthly change in existing residential building sales.

• 10:30 AM ET - EIA Weekly Cushing Oil Inventories: Previous 0.213M. Important for the U.S. crude oil benchmark, West Texas Intermediate.

• 1:00 PM ET - 20-Year Bond Auction: Previous 4.942%. Indicates government debt situation and investor sentiment.

Other Economic Events to Watch:

• 7:00 AM ET - MBA 30-Year Mortgage Rate: Previous 6.82%. Fixed 30-year mortgage lending rates for 80% loan-to-value mortgages.

• 7:00 AM ET - MBA Mortgage Applications: Previous -10.0%. Measures change in new mortgage applications.

• 7:00 AM ET - MBA Purchase Index: Previous 159.6. Indicator of impending home sales.

• 7:00 AM ET - Mortgage Market Index: Previous 253.5. Covers all mortgage applications during the week.

• 7:00 AM ET - Mortgage Refinance Index: Previous 767.6. Gauge of mortgage refinancing activity.

• 10:30 AM ET - Gasoline Inventories: Previous 3.399M. Influences gasoline prices and inflation.

• 10:30 AM ET - EIA Weekly Heatoil Stock: Previous -0.846M.

• 10:30 AM ET - EIA Refinery Crude Runs: Previous -0.157M.

• 10:30 AM ET - EIA Weekly Gasoline Production: Previous -0.815M.

• 10:30 AM ET - EIA Weekly Refinery Utilization Rates: Previous -0.8%.

• 10:30 AM ET - EIA Weekly Crude Imports: Previous -0.395M.

• 10:30 AM ET - EIA Weekly Distillates Stocks: Previous 4.173M. Overview of US petroleum demand.

• 10:30 AM ET - EIA Weekly Distillate Fuel Production: Previous -0.109M.

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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