As traders approach another pivotal day for financial markets on Wednesday, May 21, 2025, a series of crucial decisions and economic data releases that could sway market dynamics are expected. The spotlight will be on the EIA Crude Oil Inventories report, which often impacts oil prices and broader market sentiment. Additionally, speeches from Federal Reserve officials Michelle Bowman and Thomas Barkin will be closely monitored for insights into future monetary policy direction.

Major Economic Events to Watch:

• 10:30 AM ET - EIA Crude Oil Inventories: Expected -1.850M, previous 3.454M. This weekly report measures changes in commercial crude oil held by US firms, influencing petroleum prices and potentially impacting inflation.

Other Important Economic Events to Watch:

• 10:30 AM ET - EIA Weekly Cushing Oil Inventories: Previous -1.069M. This report tracks crude oil storage levels at the key delivery point for US oil benchmarks.

• 12:15 PM ET - FOMC Member Bowman Speaks: Federal Reserve Governor Michelle Bowman’s remarks may offer clues about future monetary policy decisions.

• 1:00 PM ET - 20-Year Bond Auction: Previous yield 4.810%. This auction provides insights into investor demand for long-term government debt.

Other Economic Events to Watch:

• 7:00 AM ET - MBA Mortgage Applications: Previous 1.1%. Measures changes in new mortgage applications.

• 7:00 AM ET - MBA 30-Year Mortgage Rate: Previous 6.86%. Indicates the average fixed 30-year mortgage lending rate.

• 7:00 AM ET - MBA Purchase Index: Previous 166.5. Tracks mortgage applications for home purchases.

• 7:00 AM ET - Mortgage Market Index: Previous 251.2. Covers all mortgage applications during the week.

• 7:00 AM ET - Mortgage Refinance Index: Previous 718.1. Gauges overall mortgage refinancing activity.

• 10:30 AM ET - EIA Weekly Gasoline Production: Previous -0.327M.

• 10:30 AM ET - EIA Weekly Refinery Utilization Rates: Previous 1.2%.

• 10:30 AM ET - EIA Refinery Crude Runs: Previous 0.330M.

• 10:30 AM ET - EIA Weekly Crude Imports: Previous 0.422M.

• 10:30 AM ET - EIA Weekly Distillate Fuel Production: Previous -0.069M.

• 10:30 AM ET - EIA Weekly Heatoil Stock: Previous 0.292M.

• 10:30 AM ET - Gasoline Inventories: Expected -1.760M, previous -1.022M. Measures changes in commercial gasoline inventory levels.

• 10:30 AM ET - EIA Weekly Distillates Stocks: Expected -1.200M, previous -3.155M. Reports inventory levels of US distillates stocks.

• 12:00 PM ET - FOMC Member Barkin Speaks: Richmond Fed President Thomas Barkin may offer insights on monetary policy.

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.