EIA data on oil inventories in the USA

• Crude oil inventories, fact -2.566M, forecast -0.686M.
• Cushing, Oklahoma Crude oil inventories,  fact  0.058M.
• EIA weekly stocks of distillates, fact -0.837M, forecast 1.592M.
• Gasoline inventories,  fact -1.554M, forecast 0.370M.

Graph of oil inventories in the USA

EIA data on US oil inventories  fell across all major indicators, supporting oil quotes and reducing concerns about API data, which pointed to an increase in supply in the oil market. As a result, we should expect the resumption of oil price growth and the renewal of monthly highs.

 

Hanzenko Anton

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