US weekly oil inventory data w/e 13 September 2018

  • Prior -5.296m
  • OPD 1.249m
  • Cushing -1.250m vs -1.242m prior. OPD -1.570m
  • Gasoline -1.719m vs -0.104m exp. Prior 1.250m. OPD -1.485m
  • Distillates 0.839m vs 0.651m exp. Prior 6.163m. OPD 1.536m
  • Production 11.0m vs 10.9m prior

Close enough to expectations and WTI largely unmoved at 70.25.

Ryan Littlestone

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