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EIA weekly crude oil inventories +5040K vs -920K expected

EIA weekly crude oil inventories +5040K vs -920K expected
Prior was +2951KGasoline -1381K vs -1060K expDistillates +80K vs +57K expRefinery utilization +1.0% vs +0.5% expProduction estimate 12.2mbpd vs 12.3 mbpd priorThe API data released late yesterday showed:Crude +3690KGasoline -2460KDistillates -886KCushing +2870KWTIcrude oil was trading higher by 75-cents to $71.61 ahead of the data but this is a bearish release and it's fallen about 20-cents since.Other oil headlines today:Russia says it has completed production cuts of 500K bpdIran's oil ministe... Read More
Posted: May 17 2023, 14:30
Author Name: forexlive
Views: 112210

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