US weekly oil inventories -7323K vs -2000K expected

Author: Adam Button | Category: News

Weekly US oil inventories

  • Prior was +3577K
  • Gasoline +1699K
  • Distillates +3811K
  • Cushing +1729K
  • Production 11.7 mbpd vs 11.7 mbpd prior

API earlier in the week:

  • Crude +5360K
  • Gasoline +3610K
  • Distillates +4320K

The drop snaps a streak of 10-straight weeks of inventory builds.

The US has become a net crude and product exporter for the first time.
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