US weekly oil inventory data w/e 14 December 2018

  • Oil inventories -0.497 vs -2.437m exp. Prior -1.208m
  • Cushing 1.091m vs 1.148m prior.
  • Gasoline 1.766m vs 1.200m exp. Prior 2.087m.
  • Distillates -4.237m vs 0.573m exp. Prior -1.475m.
  • Production 11.6m vs 11.6m prior

Still a draw. WTI from 47.70 going into the data to 47.95.

Here’s the detailed report.

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