4:04 PM · 29 December 2022

BREAKING: OIL.WTI slightly drops after mixed DOE report

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4:00 pm GMT - DOE report on oil inventories.

Oil inventories. Actual: +0.718mb. Expected: -1.52 mb (API: -1.3 mb)
Gasoline inventories. Actual: -3.105 mb. Expected: +0.52 mb (API: +0.51 mb)
Distillate inventories. Actual:+0.283 mb Expected: -2.05 mb (API: +0.39 mb)

After recent release, SPR inventory is at the lowest level since Nov 1989. Source: Bloomberg via ZeroHedge

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Commodities

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Losses can exceed deposits

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