Crude Oil inventories 4590K

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Crude inventories in the US rose by 4.590 million barrels in the week ended May 1st, 2020, following an 8.991 million increase in the previous period and compared with market forecasts of a 7.759 million advance, according to the EIA Petroleum Status Report. Meanwhile, gasoline inventories fell unexpectedly for the second straight week, down by 3.158 million.

Crude Oil inventories May 06.

  • crude oil inventories 4590K vs 8800K estimate
  • gasoline inventories -3158K vs 1000K estimate
  • distillates 9518K vs 3000K estimate
  • Cushing 2068K vs 3637K last week
FYI the private data from the API show the following last night:
Crude +8.44 mm
Cushing +2.681 mm
Gasoline -2.237 mm
Distillates +6.143 mm
……………
Cover 100 percent one trade-one day
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