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Oil - private survey of inventory shows a very large headline build (vs. draw expected)

Oil - private survey of inventory shows a very large headline build (vs. draw expected)

This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.

Just the headline number at this stage, via Twitter:

  • there was a 800,000 barrel release from the US SPR

More to come - I'll post the gas and distillates ASAP

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Oil price is sliding on the data release, which is not surprising.

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Expectations I had seen centred on:Headline crude -2.2 mn barrelsDistillates -0.5 mn bblsGasoli... Read More

Posted: Jan 10 2023, 21:35
Author Name: forexlive
Views: 110679

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