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EIA weekly US oil inventories -17049K vs -1367K expected

EIA weekly US oil inventories -17049K vs -1367K expected
Prior -600KGasoline +1480K vs -1300K expectedDistillates -796K vs +112K expectedRefinery utilization -0.7% vs 0% expectedProduction estimate 12.2 mbpd vs 12.2 mbpd priorImpld mogas demand: 8.84 mbpd vs 8.94 mbpd priorAPI data released late yesterday:Crude -15400KGasoline -1680KDistillates -512KI believe this is the largest weekly draw ever reported but it doesn't entirely come as a surprise after the API data reported late ysterday. WTI crude oil was down $0.67 to $80.89 ahead of the data... Read More
Posted: Aug 2 2023, 14:30
Author Name: forexlive
Views: 112523

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