U.S. Oil Inventories Data - Ester Holdings

U.S. Oil Inventories Data

  • Crude Oil Inventories, Fact 2.927M, Forecast 1.413M.
  • Cushing (Oklahoma) Crude Oil Inventories, fact 0.941M, previous value -0.2101M
  • EIA weekly distillate stocks, fact -3.943M, forecast -2.114M.
  • Gasoline inventories, fact -1.213M, forecast -0.257M.

Crude oil inventories in the United States grew for the fourth consecutive week.

The reserves of gasoline and distillates, on the contrary, decreased.

So, for example, distillate stocks decreased to the year’s lows. As a result, this exerted a moderate pressure on the oil market. As the decline in gasoline and distillate stocks offset the negative impact of rising crude oil inventories.

Fig. US Crude Oil Inventories Chart

Despite the mixed data on the stocks of oil and petroleum products in the United States, the main oil brands began to decline after growth in the afternoon. Given the continued optimism on the stock exchanges and the cautiously upward dynamics of the oil market, the weakening of major oil brands will be limited by the opening of the day levels.



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