U.S. oil inventories - Ester Holdings

U.S. oil inventories

  • Crude oil inventories, fact 7.929M, forecast 1.515M.
  • Cushing (Oklahoma) crude oil inventories, fact 1.714M, previous value 1.572M.
  • EIA weekly distillate reserves, fact -0.622M, forecast -0.949M.
  • Gasoline inventories, fact -2.828M, forecast -1.809M.

Crude oil inventories in the US for the week rose to a three-week high. At the same time, stocks of distillates and gasoline decreased, partially reducing the risks of a further increase in supply.

Fig. U.S. Crude Oil Stock Chart

In the context of growing supply on the oil market, major brands accelerated the decline, moving to a downward correction. But the decline in the cost of major oil brands remains a limited reduction in gasoline reserves and the technical maintenance of upward dynamics in the oil market.




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