Technical Analysis

EIA weekly US oil inventories +718K vs -1520K expected

  • Weekly US energy supply data
Adam Button

Adam Button

Thursday, 29/12/2022 | 16:04 GMT-0

29/12/2022 | 16:04 GMT-0

  • Prior was -5894K
  • Gasoline -3105K vs +520K exp
  • Distillates +282K vs -2050K exp
  • Refinery utilization +1.1% vs -1.2% exp

Refineries ran harder than assumed last week.

Private data from late yesterday showed:

  • Crude -1300K
  • Gasoline +510K
  • Distillates +380K

Crude is softer on this data but all that talk at the moment is about China’s reopening. WTI crude oil last traded at $77.46.

Most Popular

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button