3:30 PM · 5 September 2024

OIL WTI drops after EIA US inventories report

EIA Crude Oil inventories came in: -6.873M vs -0.3M exp. and -0.846M previously

Gasoline inventories: 0.848M vs -1.11M exp. and -2.203M previously
Distillate Inventories: -0.371M vs 0.41M exp. and 0.275M previously

OIL WTI erases today, early gains supported by postponed OPEC+ production reports; now gaining 1%. Higher gasoline stocks may signal potentially softer demand across the US economy.

Source: xStation5

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