US weekly crude oil inventories -4771K vs -2000K expected

Author: Adam Button | Category: News

Weekly energy inventory data:

  • Prior crude -10027K
  • Gasoline -2396K vs -1750K expected
  • Distillates -2538K vs +400K expected
  • Refinery utilization -0.4% vs -0.3% expected
  • Production 12.4 mbpd vs 12.5 mbpd prior
A couple companies took non-essential staff off oil rigs ahead of Dorian but it shifted north and production wasn't affected.

API numbers released late yesterday:

  • Crude +400K
  • Cushing -238K
  • Gasoline -877K
  • Distillates -1200K

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