EIA weekly crude oil inventories -846K vs -2265K expected

August 28, 2024 at 03:30PM

Prior was -4649K

Details:

Gasoline -2203K vs -2265K expected

Distillates +275K vs -1083K expected

Refinery utilization +1.0% vs +0.2% expected

Production mbpd 13.3mbpd vs 13.4mbpd prior

API data released late yesterday:

Crude -3400K

Gasoline -1860K

Distillates -1400K

Ahead of the release, WTI crude oil was trading lower by 77-cents to $74.78.

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

EIA weekly crude oil inventories -846K vs -2265K expected