EIA weekly crude oil inventories +515Okay vs +507Okay anticipated
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- Prior was +2553Okay
- Gasoline -1958Okay vs -1595Okay exp
- Distillates -1851Okay vs -1180Okay exp
- Refinery utilization -Zero.four% vs +Zero.four% anticipated
Non-public inventories from the API late yesterday:
- Crude +2400Okay
- Gasoline -3010Okay
- Distillates -3160Okay
It is a first rate report with some strong product attracts. We’re nearing the top of the stock constructing season and the beginning of driving season. With all of the worldwide tensions, world shoppers might be taking extra street journeys this summer season.
This text was written by Adam Button at www.ubaidahsan.com.
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