US EIA oil inventory data week ending 18 May 2018

  • Prior -1.404m
  • Overnight private data -1.300m
  • Cushing -1.123mm vs 0.053m prior. OPD -822k
  • Gasoline 1.883m vs -1.430m exp. Prior -3.790m. OPD 0.980m
  • Distillates -0.951m vs -1.250m exp. Prior 0.092m. OPD -1.300m
  • Production 10.725m vs 10.723m

Gap down in WTI on the hooooge build. 71.47 the low from 71.95 and empty space between the two.

 

Ryan Littlestone

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