US EIA oil inventory data week ending 13 April 2018

  • Prior 3.306m
  • Overnight private data -1.047m
  • Cushing -1.115m vs 1.129m prior. OPD -1.015m
  • Gasoline -2.968m vs 0.450m exp. Prior 0.458m. OPD -2.473m
  • Distilates -3.107m vs -0.376m exp. Prior -1.044m. OPD -0.854m
  • Production 10.540m vs 10.525m prior

WTI shifts up around 47 ticks to 68.28 as the market completely ignores the ever increasing production numbers.

Ryan Littlestone

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