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EIA weekly crude oil inventories -4581K vs -1088K expected

EIA weekly crude oil inventories -4581K vs -1088K expected
Prior was +597KGasoline +1300K vs -1267K expDistillates -356K vs -927K expRefinery utilization +1.7% vs +0.5% expProduction estimate mbpd vs 12.3 mbpd priorWTI crude oil fell into the post-OPEC cut gap about 30 minutes before the data and touched a low of $78.46 but it bounced 80-cents from there and was back above $79 ahead of the numbers.The headline is bullish but refineries ran a bit hotter so some of that went into product inventories. Overall, there was a draw of 3637K barrels of crude an... Read More
Posted: Apr 19 2023, 14:30
Author Name: forexlive
Views: 102295

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