Weekly Oil Inventory Data: Key Estimates and Market Analysis

Wednesday, 13 March 2024, 14:27

The latest weekly oil inventory report is set to be released shortly, with estimates indicating a potential build in crude oil and drawdowns in distillates and gasoline. Cushing inventories saw a slight increase last week, while the private data provides insights into the current crude oil trading price. Stay tuned for the market reaction and potential implications on oil prices.
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Weekly Oil Inventory Data: Key Estimates and Market Analysis

Weekly Oil Inventory Data Release

The weekly will be released at the bottom of the hour:

  • Crude oil estimate: build of 1.338 million
  • Distillates estimate: drawdown of -0.150 million
  • Gasoline estimate: drawdown of -1.900 million
  • Cushing inventories grew by 0.701M last week.

Private Data:

  • Crude oil: trading at $79.20 ahead of the report

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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