US EIA oil inventory data week ending 27 April 2018

  • Prior 2.170m
  • Overnight private date 3.427m
  • Cushing 0.416m vs 0.459m prior. OPD 0.725m
  • Gasoline 1.171m vs -0.500m exp. Prior 0.840m. OPD 1.602m
  • Distillates -3.900m vs -1.500m exp. Prior -2.611m. OPD -4.083m
  • Production 10.619m vs 10.586m

Bigger build than expected and shown in the OPD. WTI gapped down to a low of 66.98 from 67.20 and is at that low now.

Ryan Littlestone

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