2:39 PM · 17 August 2022

BREAKING: U.S. oil stocks fall more sharply than expected

DOE report on US oil inventories.

• Oil inventories. Actual: -7,056 mb Expected: -0.275 mb (API: -0.45 mb)

• Gasoline inventories. Actual: -4.642 mb Expected: -1.096 mb (API: -4.48 mb)

• Distillate inventories. Actual: +766 mb Expected: +0.44 mb (API: -0.76 mb)SPR crude stock fell to lowest since 1985. Source: BloombergSource: Bloomberg via ZeroHedgeOIL.WTi chart, M30 interval. Source: xStation5

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Report on U.S. natural gas inventories showed a larger-than-expected decline in stocks⬇️

Commodities

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