Weekly EIA US oil inventories +1572K vs -878K expected

Author: Adam Button | Category: News

Oil inventories from the EIA

  • Prior was +1379K
  • Gasoline inventories +5132K vs +800K expected
  • Distillate inventories +725K vs +800K expected
  • Production 12.9 mbpd vs 12.8 mpbd prior (fresh record)
  • Imports 218K bpd
API numbers released late yesterday:
  • Crude +3639K
  • Gasoline +4378K
  • Distillates -665K
WTI crude oil briefly dipped on the data then recovered to $58.32 but then fell to a session low of $58.09.
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