US EIA oil inventory data week ending 26 January 2018

  • Prior -1.071m. Ovenight private data +3.229m
  • Cushing -2.224m vs -3.150m prior. OPD -2.383m
  • Gasoline -1.980m vs 2.000m exp. Prior 3.098m. OPD 2.692m
  • Distillates -1.940m vs -0.700m exp. Prior 0.693m. OPD -4.096m
  • Production 9.919m vs 9.878m prior

WTI naturally has taken a hit and was first bounced down to around 64.10 from 64.36, then it dropped further to 63.90. That’s a bigger builed than expected , even vs the OPD numbers but once again, the big number is the prodcution number, which hits another new high.

Ryan Littlestone

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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