US EIA weekly oil inventories +4320K vs +1500K expected

Author: Adam Button | Category: News

Highlights of the weekly petroleum report

  • Prior was -1002K
  • Gasoline-892K  vs 0K exp
  • Distillates -4491K vs -1758K exp
  • Refinery utilization +1.7% vs +0.75% exp
API numbers from late yesterday:
  • Crude +4557K
  • Gasoline +2252K
  • Distillates -5333K
The oil market didn't need this number on a day like today. WTI is at a new session low at $37.15, down 6% on the day. This added some mind further selling pressure.

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