3:32 PM · 24 August 2022

BREAKING: US oil inventories below forecasts! Better data for gasoline reserves.

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

Oil inventories. Actual: -3.28 mb. Expected: -1.5 mb (API: -5.63 mb)
Gasoline inventories. Actual: -0.027 mb. Expected: -1.8 mb (API: +0.27)
Distillate inventories. Actual: -0.66 mb. Expected: +0.2 mb (API: +1.05 mb)

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OIL: EIA points to a deeper supply shock than expected 🔎

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Commodities

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Losses can exceed deposits

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