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US weekly private oil inventories show a large drawdown in crude supplies

US weekly private oil inventories show a large drawdown in crude supplies

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Adam Button
1 hour ago
  • Weekly oil inventory data from private sources ahead of tomorrow's official report
pumpjack
  • Crude -4800K
  • Prior was +2480K
  • Gasoline +7000K
  • Distillates +1000K

Expectations for tomorrow's EIA report

  • Crude -2310K
  • Gasoline +4518K
  • Distillates +1943K

WTI is struggling this week and finished lower by 49-cents on Tuesday. The crude number here is nice but that's a fat build in gasoline and comes after a 4.5mb build in last week's EIA data.

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