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US EIA weekly oil inventories -6200K vs +3250K expected
Official weekly crude oil inventories from the US EIA • EIA weekly US crude oil inventories vs 3250K expected • Gasoline inventories -3204 vs -1400K exp • Distillates +2238K vs +200K exp • Cushing +526K vs +700K • Production +0.2% w/w • Production 8.512 mbpd vs 8.493 mbpd prior • Production down 6.8% y/y According to newswires reports, API crude inventories were -7497K, gasoline -2500K, distillates +1400K. So what was 'expected' from the consensus was heavily skewed and far closer to those numbers. Oil hits an intraday high of $45.50, up 55 cents from before the report.
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