EIA weekly crude oil inventories +8664K vs +1962K expected

  • EIA weekly crude oil inventories for the week ending January 31
oil pumpjack
  • Prior was 3464K
  • Gasoline +2233K vs +525K expected
  • Distillates -5471K vs -1483K expected
  • Production 13.478 mbpd

These are bearish numbers for energy, even compared to the private numbers from late yesterday. WTI crude oil was down $1.06 to $71.64 ahead of the data.

oil inventory gasoline distillate stocks 05 February 2025 2

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