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EIA weekly crude oil inventories +5474K vs +270K expected

EIA weekly crude oil inventories +5474K vs +270K expected

News
Adam Button
23/10/2024 | 14:30 GMT
  • Highlights of the weekly US oil report from the EIA
US oil production pumpjack
  • Crude oil inventories +5474K vs +270K exp
  • Gasoline inventories +878K vs -1212K exp
  • Distillates inventories -1140K vs -1679K exp
  • Refinery utilization +1.8% versus expectations of -0.3%

Oil was in the midst of a nice intraday bounce before this data but there has been some selling since.

Private oil inventories released late yesterday:

  • Crude +1643K
  • Gasoline -2019K
  • Distillates -1478K

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