Crude inventory fell by 2.3M barrels for week ended Feb 21 – EIA
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Crude Inventory Changes: For the week ending February 21, crude stocks decreased by 2.3 million barrels to a total of 430.2 million barrels, while gasoline inventories increased by 0.4 million barrels and distillates rose by 3.9 million barrels.
Market Response: Crude oil futures saw a slight increase of 0.18%, reaching $69.06 per barrel, amidst concerns over tariffs impacting consumer confidence.
Analyst Views on UCO
Wall Street analysts forecast UCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 20.570
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Current: 20.570
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
