Weekly US EIA crude oil inventory data w/e 16 March 2018

  • Prior 5.022m
  • Overnight private data -2.739m
  • Cushing 0.950m vs 0.338m prior. OPD 1.644m
  • Gasoline -1.693m vs -2.450m exp. Prior -6.271m. OPD -1.633m
  • Distillates-2.022 m vs -2.250m exp. Prior -4.360m. OPD -1.926m
  • Production 10.407m vs 10.381m prior

More in line with the OPD numbers which is why we’ve only seen a small jump in WTi to 64.65 from around 64.20

 

Ryan Littlestone

Ryan Littlestone

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

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Ryan Littlestone

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