HomeBlogUncategorizedEIA weekly US oil inventories -4304K vs -1035K expected

EIA weekly US oil inventories -4304K vs -1035K expected

Prior was -2795KGasoline +5219K vs +609K expDistillates +4230K vs +1018K exp

Nice headline but huge builds in products.

API data from late yesterday:

Crude -3300KGasoline +4700K Distllates +760K

Oil dropped on the latest headlines but quickly rebounded. It’s up around 40 cents today.

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


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