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
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Latest posts by Ryan Littlestone (see all)
- US NFP competition – Do you think there’s going to be a turn in the US jobs market? - August 31, 2022
- The “all you need” Fed preview - July 27, 2022
- Kick your summer off with our NFP competition! - July 4, 2022