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Crude Oil Market Insights and January Trade Data Analysis
In episode 63, Michelle examines the influence of the weekly API and EIA reports on the crude oil market, discussing how these reports impact supply and pricing dynamics. She then shifts focus to January's U.S. trade data, analyzing the implications for the broader economy. Additionally, Michelle delves into the recent surge in the gold market, exploring the factors driving this trend and its potential effects on investors.
Key Points
- API and EIA reports offer crucial insights into U.S. crude oil inventories, with API providing rapid preliminary data and EIA offering detailed, verified information.
- The EIA report's inclusion of refinery utilization data helps traders anticipate supply constraints and regional imbalances, making it a key tool for understanding market conditions.
- January's U.S. trade data revealed a significant 14 percent surge in gold exports, driven by increased demand from Asian markets amid global economic uncertainties.
Speakers
Michelle
Host • 100%
Chapters
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Transcript
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