US weekly oil inventory data w/e 11 January 2018
- Oil inventories -2.683m vs -2.500m exp. Prior -1.680m
- OPD -0.560m
- Cushing -0.743m vs 0.330m prior. OPD -0.796m
- Gasoline 7.503m vs 3.000m exp. Prior 8.066m prior. OPD 5.991m
- Distilates 2.967m vs 1.350m exp. Prior 10.611m. OPD 3.214m
- Production 11.9m vs 11.7m prior
Not much to write home about. Gas higher than expected and another decent build. Production rising is perhaps the bigger news as it’s been sitting around the 11.7m mark for quite some time now.
WTI is off around 30 pips to 52.00
Latest posts by Ryan Littlestone (see all)
- Catch the all new Flow Show starting Monday 16th May - May 13, 2022
- Has the EUR worm turned? - April 21, 2022
- Exclusive – Large natural gas field discovered in France could ease Europe’s dependency on Russian supplies - April 1, 2022