US weekly oil inventory data week ending 13 October 2017

  • Prior -2.747m
  • Private data showed a 7.130m draw last night
  • Cushing 0.202m vs 1.322m prior
  • Gasoline 0.908m vs 1.050m exp. Prior 2.490m
  • Distilates 0.528m vs -1.450m exp. Prior -1.480m
  • Production 8.406m vs 9.480m prior

The drop in production looks huge. Off the bat it’s likely to be weather related.

WIT flip-flopped around a 34 odd tick range 51.95/52.29

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

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Ryan Littlestone

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