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US EIA weekly oil inventories -8020K vs +2471K expected

Started by forex4you, Apr 20, 2022, 08:41 pm

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US EIA weekly oil inventories -8020K vs +2471K expected

Prior was +9382KGasoline -761K vs -976K expDistillates -2664K vs -829K expRefinery utilization +1.0% vs +0.8% expAPI data from late yesterdayCrude -4496KGasoline +2933KDistillates -1652KOil was at the lows of the day before the report but rose on the headlines. Today is expiration for the May contract but all the volume has moved to June.SPR stocks are at the lowest since 2002 and set to head much lower.

Source: US EIA weekly oil inventories -8020K vs +2471K expected

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