US weekly oil inventory data w/e 6 September 2018

  • Prior -4.302m
  • OPD -8.636m
  • Cushing -1.242m vs 0.549m prior. OPD -1.165m
  • Gasoline 1.250m vs 1.321m exp. Prior 1.845m. OPD 2.122m
  • Distillates 6.163m vs 1.446m exp. Prior 3.119m. OPD 5.821m
  • Production 10.9m vs 11.0m prior

Not quite as high as last night’s OPD draw but hefty nonetheless. WTI has wobbled within 70-70.30

Ryan Littlestone

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