Weekly DOE inventory data for October 2, 2020 week
- Crude oil inventories 501K vs. -1200K estimate
- Gasoline inventories -1435K vs. -500K estimate
- Distillates inventories -962K vs.-1100K estimate
- Cushing OK crude inventories 470K vs 1785K last week
- Crude oil implied demand 16660 vs 16105 last week
- Gasoline implied demand 9799.0 vs 9196.7 last week
- Distillates implied demand 4899.4 vs 4963.9 last week
- US refinery utilization 1.3% vs 0.10% est. Last week 1.0%.
The private API data last night showed:
Crude oil for November delivery is trading down $1 or -2.32% $41.65
The December contract is trading down $0.96 or -2.36% at $39.71
