Key Economic Data Releases on December 27, 2024

As traders approach another pivotal day for financial markets, Friday, December 27, 2024, brings a series of crucial economic data releases that could sway market dynamics. The spotlight falls on the EIA Crude Oil Inventories report, expected to provide insights into oil demand and impact inflation trends. This key release will be accompanied by several other indicators, setting the stage for a data-rich end to the trading week.

Major Economic Events to Watch

• 11:00 AM ET – EIA Crude Oil Inventories: Expected -0.700M, previous -0.934M. This weekly report measures changes in commercial crude oil stocks and can significantly influence petroleum product prices and inflation.

Other Important Economic Events to Watch

• 8:30 AM ET – Retail Inventories Ex Auto: Previous 0.1%. Measures change in the total value of goods held in inventory by retailers, excluding automobiles.
• 8:30 AM ET – Goods Trade Balance: Forecast -$101.30B, previous -$98.26B. Indicates the difference in value between imported and exported goods.
• 8:30 AM ET – S&P/CS HPI Composite-20 n.s.a.: Previous 4.6%. Measures change in selling prices of single-family homes in 20 metropolitan areas.
• 11:00 AM ET – EIA Weekly Cushing Oil Inventories: Previous 0.108M. Tracks crude oil storage levels at the key delivery point for U.S. crude oil futures.
• 1:00 PM ET – Baker Hughes U.S. Rig Count: Serves as a leading indicator of demand for oil products.
• 3:30 PM ET – CFTC S&P 500 speculative positions: Previous -39.9K. Provides insight into market sentiment among speculative traders.
• 3:30 PM ET – CFTC Nasdaq 100 speculative positions: Previous 36.1K
• 3:30 PM ET – CFTC Gold speculative positions: Previous 262.0K
• 3:30 PM ET – CFTC Crude Oil speculative positions: Previous 230.0K

Other Economic Events to Watch

• 8:30 AM ET – Wholesale Inventories: Forecast 0.1%, previous 0.2%. Measures total value of goods held in inventory by wholesalers.
• 10:30 AM ET – Natural Gas Storage: Previous -125B. Measures the change in natural gas held in underground storage.
• 11:00 AM ET – Gasoline Inventories: Forecast -1.000M, previous 2.348M. Measures changes in commercial gasoline stocks.
• 3:30 PM ET – CFTC Aluminium speculative net positions: Previous 2.5K

For further information and the latest updates, please refer to our Economic Calendar.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.