Weekly EIA US oil inventories -1404K vs -2000K expected

Author: Adam Button | Category: News

Weekly US oil inventories and production from the EIA

  • Prior was -2197K
  • Gasoline -3790K vs -1436K expected
  • Distillates -92K vs -1950K expected
  • Refinery utilization +0.7% vs +0.4% expected
  • Production +0.2%
  • Production 10.723mbpd vs 10.703mbpd prior
  • Production +15.2% y/y

From yesterday's API data:

  • Crude +4854K
  • Gasoline -3369K
  • Distillates -786K
  • Cushing +62K

WTI crude up to $71.02 from $70.70 after the data.

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