EIA data on oil inventories in the USA
- Crude oil inventories, fact -5.836M, forecast -1.497M.
- Cushing, Oklahoma Crude oil inventories, fact 0.772M, forecast 1.643M.
- Weekly stocks of distillates according to EIA, fact 1,849M, forecast 1,463M.
- Gasoline stocks, fact 1,200M, forecast -0,488M.
According to the EIA, US oil inventories declined over the past week, but oil quotations were under pressure. The reason for the decline in the cost of oil was a noticeable increase in gasoline and distillate stocks, when the volume of crude oil fell more significantly than expected.
As a result, the cost of oil is limited by overbought and increased oil inventories, which in existing volumes of production in the US can quickly bring to naught the reduction in crude oil reserves.
Hanzenko Anton
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