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BREAKING: OIL WTI ticks higher after mixed DoE report!

3:32 PM 7 June 2023

3:30 pm BST - EIA report on US oil inventories

  • Oil inventories. Actual: -0,451 mb. Expected: 1.5 mb (API: -1.71 mb)
  • Gasoline inventories. Actual:  2.746 mb. Expected: 1.6 mb (API: +2.42 mb)
  • Distillate inventories. Actual:  5,074 mb. Expected: 2.1 mb (API: +4.50 mb)
  • Refinery Utilization: +2.70% (Expected: +0.50%; Prev +1.40%)

Refineries ran hard last week in an attempt to build product inventories ahead of driving season. US refinery activity hits 95,8% of capacity, highest since August 19th, 2019.

Source: xStation 5

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