Us20oil20production20pumpjack Id 0b8f524f B5b9 4966 B020 736d5790f78c Size975.jpg

EIA weekly crude oil charts -1425K vs -901K expected


  • Gasoline +5086K vs +1664K exp
  • Brewing +3235K vs +1373K exp
  • Refiner usage -0.9% vs -0.5% exp

Don't let the main thing fool you, these product properties are negative. That said, they were highlighted in the private inventory data released late yesterday which showed:

  • raw +499K
  • Gasoline +2852K
  • Distillation +2452K

WTI was strong ahead of the report, up 99 cents to $69.57.

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



Source link

Leave a Reply

Your email address will not be published.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