Data on the US oil inventories
- Crude oil inventories, fact -3,106M, forecast -1,077M.
- Cushing (Oklahoma) crude oil inventories, fact 0.642M, previous value 2.096M.
- Weekly distillate stocks according to EIA, fact -0.551M, forecast 0.712M.
- Gasoline stocks, the fact -1,692M, forecast 0,935M.
According to the EIA, stocks of oil and petroleum products have declined significantly over the week. Of particular note is the dynamics of crude oil reserves, which has become negative, indicating the formation of a period of decline, which may serve as a reason to strengthen the price of oil.
Fig. U.S. crude stocks chart
Major oil brands received support on reduced US oil inventories, but continue to be limited by the risks of a slowdown in the global economy and lower demand for oil and oil products.
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