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
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