EIA weekly US crude oil inventories -3818K vs -2100K exp

Author: Adam Button | Category: News

Weekly oil inventory and production data from the DOE

  • Prior was +501K
  • Gasoline -1626K vs -1300K exp
  • Distillates -7245K vs -962K exp
  • Cushing+2906 K vs +470K prior
  • Refinery utilization -2.0% vs -0.9% exp
  • Production 10.5 mbpd vs 11.0 prior

API data from late yesterday:
  • Crude -5422K
  • Cushing +2199K
  • Gasoline -1513K
  • Distillates -393K
That's a large draw, particularly in distillates. There's been an uptick in crude prices above $40 again after the report.

For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose