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Private oil inventory data

Private oil inventory survey out ahead of the official data tomorrow. Showed a draw close to Reuters survey expectations. Cushing showed a big draw.

U.S. Energy Information Administration ( EIA ) data is out Wednesday morning (US time)

Platts estimates for the data:

  • Crude oil stocks expected to show a draw of 1.9 million barrels
  • Refinery utilization expected to decrease 0.2 percentage points
  • Gasoline stocks expected to drop 400,000 barrels
  • Distillate stocks expected to decline 500,000 barrels

Genscape estimate :

  • 59K draw at Cushing

Reuters estimate :

  • Draw of 1.4 mln barrels

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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