EIA weekly crude oil inventories -4649K vs -2672K expected

August 21, 2024
-FCHFX

August 21, 2024 at 03:31PM

Prior was +1357K

Details:

Gasoline -1606K vs -933K expected

Distillates -3312K vs -215K expected

Refinery utilization +0.8% vs +0.3% expected

Production mbpd 13.4mbpd vs 13.3mbpd prior

API data late yesterday showed:

Crude +347K

Gasoline -1043K

Distillates -2247K

These numbers are bullish at the margin and oil was already bouncing back today after four days of losses.

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

EIA weekly crude oil inventories -4649K vs -2672K expected

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