Data on oil inventories in the USA

• Crude oil inventories, fact 1,852M, forecast -1,279M.
• Cushing, Oklahoma, crude oil inventories  fact   0.461M, forecast -1.250M.
• EIA weekly distillates stocks , fact -2.241M, forecast 0.752M.
• Gasoline inventories, the fact is 1,530M,   forecast  0.788M.

Crude oil inventories in the United States unexpectedly rose in the last five weeks, and in fact it became a surprise for the market. At the same time, the sale of oil was not followed by a significant reduction in distillates and relatively restrained growth in gasoline stocks. The support of oil continues to be provided by expectations of a reduction in supply in the oil market.

US Oil inventories chart

 

General dynamics of oil, as well as the market, remains limited. At the same time against the background of an ambiguous report on oil inventories in the US, the dynamics of the main oil quotations will be prone to decline.

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Hanzenko Anton

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