US EIA weekly oil inventory data w/e 3 August 2018

  • Prior 3.803m
  • OPD -6.000m
  • Cushing -0.590m vs -1.338m prior. OPD -0.576m
  • Gasoline 2.900m vs -1.900m exp. Prior -2.536m. OPD 3.100m
  • Distillates 1.230m vs 0.800m exp. Prior 2.983m. OPD 1.800m
  • Production 10.80m vs 10.90m prior

not as much of a draw as expected  and especially versus last night’s data. WIT ticks up off the 67.60 lows to 68.00

Ryan Littlestone

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