US weekly oil inventory data w/e 31 August 2018
- Prior -2.566m
- OPD -1.200m
- Cushing 0.549m vs 0.058m prior. OPD 0.631m
- Gasoline m 1.845mvs -0.810m exp. Prior -1.554m. OPD 1.000m
- Distillates 3.119m vs 0.742m exp. Prior -0.837m. OPD 1.800m
- Production 11.0m vs 11.0m prior
Surprise draw but compensated by the rise in inventories. Oil paring gains; CAD unchanged if that correlation still has a meaning off late.