Publication of today's report from the US Department of Energy failed to trigger big moves on the oil market. Crude and gasoline inventories rose unexpectedly and there was a surprise in distillate inventories data as it showed a smaller build, contrary to market expectations and yesterday's API release.
• Oil inventories: +8.844mb vs -0.25 mb expected (API: +3.64 mb)
• Gasoline inventories: +0.333mb vs -1.667 mb (API: -0.77 mb)
• Distillate inventories: +0.095mb vs +0.9 mb (API: +1.83 mb)
• Oil inventories at Cushing, Oklahoma: -0.501 million barrels vs -0.523 million barrels previously
The publication of today's report did not have a significant impact on the oil prices. WTI Oil (OIL.WTI) continues to trade around the $83.00 level. Source: xStation5
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