Weekly Oil Data
Inventories, Exports, Imports, and Refinery Utilization
Main Takeaway
At 455 million barrels, US crude oil inventories are nearing a state of bearishness.
The EIA reported today a build in crude, gasoline, and distillate inventories. There has been a relatively large improvement in gasoline inventories, but distillate inventories remain critically low. As we have been highlighting in our reports, global diesel inventories will remain a concern throughout the winter season.