Analysis of the Latest Weekly Oil Inventory Data

Wednesday, 13 March 2024, 14:30

The weekly oil inventory data reveals a surprising -1.536M build in crude oil, contrasting with the estimated 1.338M build. Distillate inventories show a build of 0.888M while gasoline inventories see a drawdown of -5662M. Cushing reports a decrease of -0.220M compared to the previous week's build of 0.701M.
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Analysis of the Latest Weekly Oil Inventory Data

Weekly Oil Inventory Data Analysis

Crude oil inventories draw -1.536M versus a build of 1.338 million estimate.

Key Points:

  • Distillate inventories build of 0.888M versus a drawdown of -0.150 million estimate.
  • Gasoline inventories drawdown of -5662M versus a drawdown of -1.900 million estimate.
  • Cushing -0.220M versus a build up 0.701M last week.

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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