US weekly oil inventory data w/e 4 January 2018

  • Crude -1.680m vs -2.700m exp. Prior 7k
  • OPD -6.127m
  • Cushing 0.330m vs 0.641m prior. OPD 0.331m
  • Gas 8.066m vs 3.300m exp. Prior 6.890m. OPD 5.05m
  • Dist 10.611m vs 1.400m exp, Prior 9.529m. OPD 10.2m
  • Production 11.7m unch

A rough 50 tick drop on WTI to 50.74 on that.

Ryan Littlestone

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