Current: Oil inventories -5.5 million barrels (now 441.4 million)

The weekly reported oil inventories in the USA (crude oil) have just been published at 441.4 million barrels. Compared to the previous week, this is a minus of 5.5 million barrels, with expectations compared to the previous week at -1.7 million

Gasoline inventories were reported at 230.4 million barrels, an increase of 2.0 million barrels to the previous week. The expectations compared to the previous week were +1.7 million

API inventories published Tuesday evening at 10:35pm were reported at -7.9 million barrels of crude oil.

Production is 12.9 million barrels per day compared to 12.8 million the previous week.

The price of oil (WTI) reacted in the first few moments after the announcement with +13 cents to 61.60 Dollars.

source: tradingeconomics.com
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