Tidbits, Crude Oil Stocks, Payrolls, Services PMI, Palm Oil, Broilers & Ethanol 12/4/25
- Wright team
- 53 minutes ago
- 4 min read
Tidbits
U.S. crude oil stocks including the SPR rose by 800,000 barrels in the week ended Nov. 28, following a 3.3 million-barrel build the prior week. It was up 0.1% from the prior week and 2.9% year over year, and remained about 3% below the five-year seasonal average. Imports from Mexico dropped by 431,000 bpd to a weekly record low of 131,000 bpd in the week.
Venezuela’s oil exports averaged about 921,000 bpd in November, the year’s third-highest monthly level. Overall exports rose 3% from October but were 5% below a year earlier. China remained the main buyer, taking about 80% of exports, 16% went to the U.S.
U.S. private payrolls fell by 32,000 in November, the steepest drop since March 2023, from a revised +47,000 in October, according to ADP’s report. Small firms shed 120,000 jobs, while medium and large enterprises added 51,000 and 39,000 respectively.
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