Latest oil inventory data from the EIA
- Prior +3955k
- API was -1200k. API Cushing -100k
- Cushing +98k vs -540k
- Gasoline +1910k vs +250k exp. Prior +3254k
- Distilates -2458k vs -300k exp. Prior -267k
- Refinery utilisation -2.30% vs -0.50% exp. Prior -1.10%
That's taken the fire out of the rally in WTI which has fallen back to 48.80 from 49.60. The 100 dma sits at 48.58
EIA Us oil inventories
