US EIA oil inventory data week ending 4 May 2018
- Prior 6.218m
- Overnight private data -1.850m
- Cushing 1.388mm vs 0.416m prior. OPD 1.653m
- Gasoline -2.174m vs 0.0m exp. Prior 1.171m. OPD -2.055m
- Distillates -3.791m vs -1.500m exp. Prior -3.900m. ODP -6.674m
- Production 10.703m vs 10.619m prior
Muchg bigger draws than expected, though most of it was flagged by the OPD data for once. Production?? Needs no commentary. WTI breaks the day’s high to 71.24.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Latest posts by Ryan Littlestone (see all)
- The last NFP competition of 2022 - December 1, 2022
- Will this month’s US NFP be a horror show? - October 4, 2022
- US NFP competition – Do you think there’s going to be a turn in the US jobs market? - August 31, 2022