Data on U.S. oil reserves

• Crude oil inventories, fact 1,263M, forecast 2,179M.
• Cushing (Oklahoma) crude oil inventories, fact 1,441M,  previous value  -0,145M.
•  EIA Weekly distillate stocks, fact -2.257M, forecast -1.814M.
• Gasoline stocks, fact 0.513M, forecast 1.601M.

The report on oil reserves in the United States from EIA showed a noticeably smaller amount of growth in stocks of petroleum products in a week than expected. But it did not significantly support the cost of oil, which is connected with the preservation of growth and the persistence of pessimism in the oil market.

U.S. crude stocks chart

The main brands of oil have returned to the level of the opening of the day and are likely to continue restrained strengthening. But it is worth noting that oil will be limited to daily and weekly highs.

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Dani Leviant

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