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Wednesday, August 31, 2016

US EIA weekly oil inventories +2276K vs +1300K expected

  • Prior was +2501K
  • Gasoline -691K vs -1000K exp
  • Distillates +1496K vs -125K exp
  • Cusing inventory -1039K vs +400K
  • Production -0.7% w/w and -7.9% y/y
The private data released yesterday showed a rise of 942K barrels in oil and about 3 million barrels in distillates.
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