2:32 PM · 28 August 2024

BREAKING: crude oil inventories drop less than expected 🎯

03:30 PM BST, United States - EIA Data:

Crude Oil Inventories: actual -0.846M; forecast -2.700M; previous -4.649M;
EIA Weekly Distillates Stocks: actual 0.275M; forecast -1.100M; previous -3.312M;
Gasoline Inventories: actual -2.203M; forecast -1.600M; previous -1.606M;

Implied oil demand is falling slightly, but still gasoline demand looks strong. Nevertheless, we have quite a disappointment in terms of the change in oil stocks.

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