US DUE weekly oil inventories -7419K vs -4700K expected

Author: Adam Button | Category: News

Weekly petroleum inventory and production numbers

  • Gasoline +4813K vs -1584K exp
  • Distillates +8899K vs +500K exp
  • Oil production +0.3% w/w
  • Production 9.782mbpd vs 9.754mbpd prior

Big draw in oil but look at that massive build in distillates and jump in gasoline. On net, that's bearish for oil.

Yesterday's private inventory numbers:

  • Crude -4992K
  • Gasoline +1870K
  • Distillates +4272K

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