EIA weekly crude oil inventories +2089Okay vs +750Okay anticipated
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- Prior was +2149
- Crude oil inventories +2089 Okay vs +750Okay exp
- Gasoline inventories -4407Okay vs +586Okay exp
- Distillates inventories -1394Okay vs +234Okay exp
- Refinery utilization +zero.9% versus expectations of +zero.6%
Non-public stock knowledge launched late yesterday:
- Crude -777Okay
- Gasoline +312Okay
- Distillates +1136Okay
WTI crude was buying and selling up 45-cents forward of the report. Regardless of the headline, I take this as a bullish report on the massive attract merchandise.
This text was written by Adam Button at www.ubaidahsan.com.
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