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BREAKING: US oil inventories above expectations!

3:35 PM 10 August 2022

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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