Weekly EIA oil inventory data week ending 19 January 2018

  • Prior -6.861m
  • Overnight private data 4.755m
  • Cushing -3.150m vs 4.184m prior. OPD -3.572m
  • Gasoline 3.098m vs 2.200m exp. Prior 3.620m. OPD 4.117m
  • Distillates 0.639m vs -1.100m exp. Prior -3.887m. OPD -1.280m
  • Production 9.878m vs 9.750m prior

The slide in production numbers seems to be over.

WTI has jumped as the market would have been leaning towards a build after the OPD. 64.79 has traded from around 64.50.

Ryan Littlestone

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