3:35 PM · 10 August 2022

BREAKING: US oil inventories above expectations!

3:30 pm BST - US, DOE report on oil inventories.

Oil inventories. Actual: +5,457 mb, Expected: +0.073 mb (API: +2.15 mb)
Gasoline inventories. Actual: -4.978 mb, Expected: -0.633 mb (API: -0.63 mb)
Distillate inventories. Actual: +2.166 mb, Expected: +1.5 mb (API: -0.667 mb)
Oil prices don't react much to inventory data

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⚫Massive Drop in US Oil Inventories Further Fuels Prices

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Commodities

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Losses can exceed deposits

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