4:04 PM · 28 December 2023

BREAKING: Oil gains slightly after DoE inventories report

US crude OIL inventories (DoE report): -7.11M barrels vs -2.85M expected and 2.9M previously

Gasoline inventories: -0.575M vs -0.25M and 2.71M previously
Distillate inventories: 0.833M vs 0.02M exp. and 1.485M previously

EIA reports that exports of all products rose to record levels last week, but the reaction on futures is quite muted despite a much faster than expected decline both in crude oil and gasoline.

Source: xStation5

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