2:34 PM · 22 May 2024

BREAKING: DOE data show oil inventories rising, consistent with yesterday's API

United States - EIA Data:;

Crude Oil Inventories: forecast Actual: 1.820M. Forecast -2.400M; previous -2.508M;
Gasoline Inventories: Actual: -0.945M. Forecast -1.600M; previous -0.235M;
EIA Weekly Distillates Stocks: Actual: 0.379M. Forecast -0.100M; previous -0.045M

Oil prices did not overreact to today's report following yesterday's API reading, which indicated an unexpected increase in US inventories

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