US weekly oil inventory data w/e 24 August 2018

  • Prior -5.836m
  • OPD 0.038m
  • Cushing 0.058m vs 0.772m prior. OPD 0.130m
  • Gasoline -1.554m vs 0.0m exp. Prior 1.200m. OPD 0.021m
  • Distillates -0.837m vs 1.650m exp. Prior 1.849m. OPD 0.982m
  • Production 11.0m vs 11.0m prior

Not too far off estimates. but a bigger gas and dist draws. WTI jumps to 69.46 from 69.15 odd.

Ryan Littlestone

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