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EIA weekly US oil inventories -708K vs -2440K expected

EIA weekly US oil inventories -708K vs -2440K expected
Prior was +5946KGasoline -1066K vs -1577K expectedDistillates +14K vs +460K expectedRefinery utilization +0.6% vs +0.0% expectedProduction estimate 12.3 mbpd vs 12.3 mbpd priorImpld mogas demand: 8.86mbpd Refineries ran hard last week in an attempt to build product inventories ahead of driving season.The API data released late yesterday:Crude -797KGasoline -2800KDistillates -100KOil hasn't traded above the 200-day moving average since August of last year, it was trading at $76.66, just before th... Read More
Posted: Jul 19 2023, 14:30
Author Name: forexlive
Views: 092156

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