US weekly oil inventory data w/e 30 November 2018

  • US oil inventories -7.323m vs -2.000m exp. Prior 3.577m
  • OPD 5.36m
  • Cushing 1.729m vs 1.177m prior. OPD 1.44m
  • Gasoline 1.699m vs 1.750m exp. Prior -0.764m. OPD 3.61m
  • Distillates 3.811m vs 1.700m exp. Prior 2.610m. OPD 4.32m
  • Production 11.7m unch

Bigger draw and a big variation over the API data. WTI not doing much though with OPEC in focus. 50.90 trades.

Ryan Littlestone

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