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Crude Edging Higher Before EIA Data

OIL

Crude and diesel are edging higher ahead of EIA inventory data.

  • Crude spreads are stable while gasoline cracks are drifting lower.
  • Crude inventories are expecting a small draw of 107kbbls, gasoline inventories are expected to draw by -0.81mbbls and distillates to build by +1.09mbbls. Refining utilization is expected to come in slightly down by 0.17%.
    • Brent OCT 22 up 0.8% at 93.1$/bbl
    • WTI SEP 22 up 1.3% at 87.68$/bbl
    • Gasoil SEP 22 up 2.5% at 1043.75$/mt
    • WTI-Brent up 0.17$/bbl at -5.88$/bbl
    • Brent OCT 22-NOV 22 up 0.02$/bbl at 0.62$/bbl
    • Brent DEC 22-DEC 23 up 0.13$/bbl at 6.17$/bbl
    • US gasoline crack down -1.5$/bbl at 33.9$/bbl
    • US ULSD crack up 1.9$/bbl at 60.93$/bbl

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