US Crude Oil Inventories
- Crude oil inventories, fact -4.771M, forecast -2.488M.
- Cushing (Oklahoma) crude oil inventories, fact -0.230M, previous value -1.980M.
- EIA weekly distillate inventories, fact -2.538M, forecast 0.484M.
- Gasoline inventories, fact -2.396M, forecast -1.523M.
Crude oil and petroleum product inventories declined over the past week. Moreover, it is worth noting that stocks of gasoline and distillates also showed a significant decrease, while maintaining expectations for a high consumption of petroleum products.
US Crude Oil Stock Chart
Such a rapid decline in the US crude oil inventories pushed the oil market to new monthly highs. But, given the significant overbought oil, its growth will be limited.
Hanzenko Anton
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