EIA weekly crude oil inventories 1357K vs -2200K expected

August 14, 2024
-FCHFX

August 14, 2024 at 03:30PM

Prior was -3728K

Gasoline -2894K vs -1434K expected

Distillates -1673K vs -636K expected

Refinery utilization +1.0% vs +0.1% expected

Production mbpd 13.3mbpd vs 13.4mbpd prior

API data late yesterday showed:

Crude -5205K

Gasoline -3689K

Distillates +612K

Oil ticked lower on the EIA headlines, which are certainly a twist after the bullish private numbers yesterday. WTI was flat at $78.17 just before the data.

This article was written by Adam Button at www.forexlive.com.

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