US EIA weekly oil inventories 2.408m vs 2.723m exp

US EIA weekly oil inventories w/e 2 March 2018

• Prior 3.019m
• Overnight private data 5.661m
• Gasoline -0.788m vs -1.201m exp. Prior 2.483,
• Distillates -0.599m vs -1.200m exp. PRior -0.960m
• Production 10.369m vs 10.283m prior 

WTI has taken a 50 pip odd jump to 62.33 as the market was leaning towards a bigger build following the private data. The oil keeps pumping though.

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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

Latest posts by Ryan Littlestone (see all)

• UK Q1 2018 GDP 1st revision unchanged at 0.1% vs 0.1% exp q/q - May 25, 2018
• US existing home sales April 2018 5.46m vs 5.57m exp - May 24, 2018
• USDCAD keeps feeling out the topside resistance as oil drops and NAFTA weighs - May 24, 2018