US EIA oil invetory data week ending 15 June 2018

  • Prior -4.143m
  • OPD -3.016m
  • Cushing -1.296m vs 0.687m prior. OPD -1.594m
  • Gasoline 3.277m vs -1.000m exp. Prior -2.271m. OPD 2.113m
  • Distillates 2.715m vs -0.600m exp. Prior -2.101m. ODP 0.750m
  • Production 10.90m unch

Much bigger draw than expected and WTI bounces to 66.09 from around 65.50

Ryan Littlestone

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