US weekly oil inventory data w/e 17 August 2018

  • Prior 6.805m
  • OPD -5.177m
  • Cushing 0.772m vs 1.643m prior. OPD 0.195m
  • Gas 1.200m vs -1.050m exp. Prior -0.740m. OPD -0.930m
  • Dist 1.849m vs 1.377m exp. Prior 3.566m. OPD 1.800m
  • Production 11.0m vs 10.9m prior

Much bigger draw than originally expected buit the overnight data flagged that with news of a 5.170m draw. WTI pretty steady at 66.91 from 67.30 odd.



Ryan Littlestone

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