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US EIA weekly crude oil inventories +10231K vs -3595K expected

US EIA weekly crude oil inventories +10231K vs -3595K expected
  • Prior crude -5187K
  • Gasoline +4496K vs +2714K exp
  • Distillates +1364 vs +2517K exp
  • Refinery utilization -3.3% vs -0.1% exp
  • The SPR draw last week was 4.7 mb

Late yesterday in the API report:

  • Oil +7819K
  • Gasoline +877K
  • Distillates +3900K

The 'expectation' on the headline in this report was certainly more bearish than what's advertised due to the API numbers but crude had been stubbornly strong today until th... Read More

Posted: Dec 14 2022, 15:30
Author Name: forexlive
Views: 112419

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