Free Trial

Crude Stocks Show Larger Build Than Forecast


Much larger build than forecast for the headline crude stocks (+9.4mln bbls vs. Exp. +256k) - but partially priced in due to similar pattern in last night's API data.

  • Headline build countered somewhat by deeper draw than forecast for gasoline (-3.6mln vs. Exp. -136k).
  • Deeper draw also present in distillates, while refinery utilization drops unexpectedly (-2.50% vs. Exp. +0.22%)
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story



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.