Forex
globalreutersAugust 21, 20241 Mins read
EIA weekly crude oil inventories -4649K vs -2672K expected
globalreutersAugust 21, 20241 Mins read - Prior was +1357K
Details:
- Gasoline -1606K vs -933K expected
- Distillates -3312K vs -215K expected
- Refinery utilization +0.8% vs +0.3% expected
- Production mbpd 13.4mbpd vs 13.3mbpd prior
API data late yesterday showed:
- Crude +347K
- Gasoline -1043K
- Distillates -2247K
These numbers are bullish at the margin and oil was already bouncing back today after four days of losses.
This article was written by Adam Button at www.forexlive.com.
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