No reaction in oil after private US oil inventories

  • Weekly US oil inventory data
  • Crude +1525K expected in tomorrow's official report
  • Gasoline +1645K expected in tomorrow's report
  • Distillates -1492K expected in tomorrow's report
private oil

There's been no reaction in WTI, which is trading at $88.25.

The huge builds in gasoline for five weeks straight have done nothing to derail the oil market, which is focused on geopolitics and exhuasted spare capacity in H2.

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