The inventory data from the private survey is out now, official data follows Wed. morning (US time)

Headline build, draw at Cushing.

Numbers via Twitter:

oil stocks 27 October 2021

Estimates I had seen:

  • Headline +1.9m bbls
  • Gasoline -1.9m
  • Distillate -2.3m

Meanwhile, oil prices are nudging 7-year highs. Tight global markets, cold northern hemisphere weather contributing.