US oil inventory data week ending 24 November 2017

  • Prior -1.855m
  • Overnight private data 1.821m
  • Cushing -2.914m vs -1.827m prior
  • Distillates 2.747m vs 0.700m ecp. Prior 0.269m
  • Gasoline 3.627m vs 1.018m exp. Prior 0.044m
  • Production 9.682m vs 9.658m prior

That would have scuppered some traders who read the overnight private data.. WTI has flip-flopped between 57.92 and 57.60. The key number as ever is the production figure.

Ryan Littlestone

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

Read how Ryan got into trading here
Ryan Littlestone

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