Free Trial

Crude Inventories See Significant Build vs. Estimates

OIL
  • Headline crude inventories a significant build of 5.5mln bbls vs. Exp. build of 216k bbls
  • Countered somewhat by gasoline (draw of 5mln bbls of vs. Exp. draw of 1.2mln bbls), distillates a build of 2.2mln bbls vs. Exp. draw of 1mln bbls.
  • Refinery utilization rises by 3.30% vs. Exp. +0.41%, while the SPR drops another 5.3mln bbls to sit at 465mln bbls.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.