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EIA weekly US oil inventories -4491K vs -300K expected

EIA weekly US oil inventories -4491K vs -300K expected
Prior was +10176KGasoline -2371K vs -1097K expectedDistillates -3185K vs -1360K expectedRefinery utilization +0.4% vs -% expectedImplied mogas demand 8.94m vs 8.58m priorDomestic production 13.2 mbpd vs 13.2 mbpd priorDecember WTI crude oil was trading up $1.27 to $86.73 ahead of the data. This is bullish and distillate inventories are particularly tight.Late yesterday, the API reported:Crude -4383KGasoline -1578KDistillates -612KCushing -10005K This article was written by Adam... Read More
Posted: Oct 18 2023, 14:30
Author Name: forexlive
Views: 070450

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