EIA weekly US crude oil inventories +2149K vs +1103K expected

  • US weekly oil inventory data for the week ending Nov 1
oil pumpjack
  • Prior was +5474
  • Crude oil inventories +2149K vs +1103K exp
  • Gasoline inventories +412K vs -878K exp
  • Distillates inventories +2947K vs -1137K exp
  • Refinery utilization +1.4% versus expectations of +0.3%

Private inventory data released late yesterday:

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

Today's report is bearish for crude but ahead of the report, it had made an impressive comeback.

WTI crude oil
WTI crude oil, 10 mins

Top Brokers

Sponsored

General Risk Warning