US Oil Reserves Data - Ester Holdings

US Oil Reserves Data

  • Crude oil inventories, fact 2,385M, forecast -2,845M.
  • Cushing (Oklahoma) crude oil inventories, fact -1.504M, previous value -1.533M.
  • EIA weekly distillate reserves, fact 1,529M, forecast 0,482M.
  • Gasoline inventories, fact 4.437M, forecast -0.722M.

Oil and petroleum product inventories in the US unexpectedly increased over the week, putting an additional pressure on the oil market. So, crude oil reserves for the first time in seven weeks showed a positive trend. In addition, stocks of gasoline and distillates increased, which puts additional pressure on the oil market.

Fig. US Crude Oil Stock Chart

 

Earlier, pessimistic expectations for a slowdown in the global economy exerted pressure on the oil market. The oil market remains under the pressure and aimed at the lows of the beginning of 2019 and the end of 2018.

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