US weekly oil inventory data w/e 23 November 2018

  • Oil inventories 3.577m vs 1.000m exp. Prior 4.851m
  • OPD 3.453m
  • Cushing 1.177m vs -0.116m prior. OPD 1.302m
  • Gasoline -0.764mm vs 1.000m exp. Prior -1.295m. OPD -2.620m
  • Distillates 2.610mm vs -0.750m exp. Prior -0.077m. OPD 1.185m
  • Production 11.7m unch

Bigger than expected but round about the overnight numbers so not much shock. WTI dropping around 40 cents to 50.72.

Ryan Littlestone
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