EIA Cushing Crude Oil Stocks Change comes in at 0.553M against 0.917M consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The EIA Cushing Crude Oil Stocks Change was reported at 0.553M, falling short of the consensus estimate of 0.917M. This represents a -39.7% surprise compared to expectations. The previous release recorded a change of 2.266M.
Following the release, market reactions were observed across major currency pairs and gold. AUDUSD moved up 3.2 pips after 15 minutes, while EURUSD was down 0.7 pips. GBPUSD gained 7.2 pips, and NZDUSD rose 5.1 pips. USDCAD declined 1.8 pips, USDCHF fell 6.4 pips, and USDJPY was up 2.9 pips after 15 minutes. XAUUSD moved down 19 pips in the same timeframe. These initial moves are generally small when compared to the typical median 1-hour moves observed after similar releases, such as the 7 pips for AUDUSD, 8 pips for EURUSD, 11 pips for GBPUSD, 6 pips for NZDUSD, 10 pips for USDCAD, 7 pips for USDCHF, 8 pips for USDJPY, and 23 pips for XAUUSD.