US DOE oil inventory data week ending 29 September 2017

  • Prior -1.846m
  • Cushing 1.525m vs 1.181m prior
  • Gasoline 1.644m vs 1.000m exp. Prior 1.107m
  • Distilates -2.606m vs -1.500m exp. Prior -0.814m
  • Production 9.561m vs 9.547m prior

WTI has jumped to 50.64 from 50.20-ish. That’s a big draw but it was flagged by the oil-report-that-shall-not-be-named, which showed a draw over 4mil. The EIA also say crude exports rose to a record 1.98mbpd.

Ryan Littlestone

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