US weekly crude oil inventories -7257K vs -2150K expected

Author: Adam Button | Category: News

Weekly US petroleum inventory data

  • Prior crude -6645K
  • Gasoline +672K vs +1477K expected
  • Distillates -3422K vs -1549K expected
  • Production 10.8 mbpd vs 11.0 mbpd prior
API private oil inventories from late yesterday:
  • Crude -5800K
  • Gasoline +3900K
  • Distillates -3500K
  • Cushing -3000K
This is for the week ending Feb 12 so it doesn't capture the impact of the outages in Texas. Next week's report will be very interesting.

Oil is getting a moderate lift from this report, up to $61.00 from $60.75 before the data.

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