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US EIA weekly crude oil inventories +3954K vs -1912K expected

Prior was -6307KGasoline +5560K vs +237K expectedDistillates +3931K vs +1303K expectedRefinery utilization +0.6% vs -0.4% expectedProduction estimate 12.9 mbpd vs 12.8 mbpd priorImpld mogas demand: 8.31 mbpd vs 9.32 mbpd priorThat's a big drop in the weekly gasoline demand number but it's not a huge surprise given the usual post-Labor Day decline and the volatility in the numbers.API data released earlier showed:Crude +1174KGasoline +4210KDistillates +2592KWTI crude oil was down 16-cents befo...
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Posted: Sep 13 2023, 14:30
Author Name: forexlive
Views: 070410