EIA Expectations: Crude 2.34M, Distillate -1.5M, Gasoline -0.22M
Newsquawk Staff ·
- Crude: 2.34M, prev. 8.53M (Private +0.6M)
- Distillate: -1.5M, prev. -2.703M (Private -1.6M)
- Gasoline: -0.22M, prev. 1.16M (Private -0.3M)
- Cushing: prev. 1.071M (Private -2.4M)
- Refining: 0.4%, prev. -1.1%
- Production: prev. 13.71M
What it means
The EIA expectations reflect a significant decrease in crude inventories, suggesting stronger demand or supply issues, especially as the previous figure was notably higher. The declines in distillate and gasoline inventories also indicate a tightening market, potentially supporting higher prices in WTI and Brent. Overall, these data points may elevate inflationary pressures and impact energy-related sectors.
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