EIA weekly US oil inventories -1844Okay vs -605Okay anticipated
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- Crude oil inventories -1844 Okay vs -605Okay exp
- Gasoline inventories +3314Okay vs -46Okay exp
- Distillates inventories +416Okay vs -103Okay exp
- Refinery utilization +zero.three% versus expectations of +zero.four% exp
- Manufacturing 13.49mbpd from 13.2mbpd
Non-public oil stock information from late yesterday:
- Crude -5939Okay
- Gasoline +1814Okay
- Distillates +2543Okay
WTI crude oil was buying and selling 10-cents increased to $68.87 earlier than the info. Notice that the OPEC resolution is due on Sunday. They’re anticipated to rollover manufacturing via January and maybe right through Q1.
This text was written by Adam Button at www.ubaidahsan.com.
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