EIA crude oil inventories, FOMC’s Bowman speech highlight Wednesday’s agenda

As traders approach another pivotal day for financial markets on Wednesday, November 20, 2024, a series of crucial economic data releases and Federal Reserve commentary that could sway market dynamics are expected. The spotlight will be on the Energy Information Administration’s (EIA) weekly crude oil inventory report and a speech by Federal Reserve Governor Michelle Bowman, both of which have the potential to influence market sentiment and trading decisions.

Major Economic Events to Watch:

• 10:30 AM ET – EIA Crude Oil Inventories: Weekly change in commercial crude oil barrels held by US firms, previous 2.089M

• 1:15 PM ET – FOMC Member Bowman Speaks: Federal Reserve Governor’s public engagement, often used to provide insights on future monetary policy

Other Important Economic Events to Watch:

• 10:30 AM ET – EIA Weekly Cushing Oil Inventories: Change in crude oil barrels stored at Cushing, Oklahoma, previous -0.688M

• 2:00 PM ET – 20-Year Bond Auction: Treasury bond yield auction results, previous 4.590%

Other Economic Events to Watch:

• 7:00 AM ET – MBA 30-Year Mortgage Rate: Fixed 30-year mortgage lending rates, previous 6.86%

• 7:00 AM ET – MBA Mortgage Applications: Weekly change in new mortgage applications, previous 0.5%

• 7:00 AM ET – MBA Purchase Index: Applications for single-family home purchases, previous 133.3

• 7:00 AM ET – Mortgage Market Index: All mortgage applications during the week, previous 192.4

• 7:00 AM ET – Mortgage Refinance Index: Applications to refinance existing mortgages, previous 506.0

• 10:30 AM ET – EIA Refinery Crude Runs: Weekly change in crude oil processed by refineries, previous 0.175M

• 10:30 AM ET – EIA Weekly Distillates Stocks: Inventory levels of distillate fuel oils, previous -1.394M

• 10:30 AM ET – EIA Weekly Crude Imports: Weekly change in crude oil imports, previous -0.321M

• 10:30 AM ET – Gasoline Inventories: Change in commercial gasoline inventory levels, previous -4.407M

• 10:30 AM ET – EIA Weekly Gasoline Production: Weekly change in gasoline production, previous 0.559M

• 10:30 AM ET – EIA Weekly Heatoil Stock: Weekly change in heating oil inventory, previous -1.060M

• 10:30 AM ET – EIA Weekly Distillate Fuel Production: Weekly change in distillate fuel production, previous -0.127M

• 10:30 AM ET – EIA Weekly Refinery Utilization Rates: Percentage of operable refinery capacity utilized, previous 0.9%

• 11:00 AM ET – Fed Governor Cook Speaks: Federal Reserve Governor’s public remarks

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.