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WTI crude oil with limited reaction after DOE data 📣

3:41 PM 5 June 2024

US, change in oil inventories: now: 1.23 million. Expected: -1.9 million barrels vs -4.16 million previously

  • Change in gasoline inventories: Currently: 3.19 million. Expected:  2.6m vs 2m previously
  • Change in distillate stocks: Currently: 2.10 million. Expected:  3m vs 2.5m previously

The DOE data did not cause any volatility in the market, which may be due to the pricing of higher data after yesterday's API reading, which suggested a higher reading today

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