EIA weekly US oil inventories +1371K vs +239K expected

<ul><li><a href="https://www.forexlive.com/news/eia-weekly-us-oil-inventories-4491k-vs-300k-expected-20231018/" target="_blank" rel="follow">Prior </a>was -4491K</li><li>Gasoline +156K vs -897K expected</li><li>Distillates -1686K vs -1168K expected</li><li>Refinery utilization -0.5% vs +0.4% expected</li><li>Implied mogas demand 8.86m vs 8.94m prior</li><li>Domestic production 13.2 mbpd vs 13.2 mbpd prior</li></ul><p>Late yesterday's API data:</p><ul><li>Crude -2668K</li><li>Gasoline -4169K</li><li>Distillates -2313K</li><li>Cushing +513K</li></ul><p>WTI has declined for four days in a row and was down 54-cents ahead of the data to $83.18 as geopolitical fears cool. These numbers aren't as bullish as the API report and oil is testing $83.00 afterwards. The October low was $81.50.</p>

This article was written by Adam Button at www.forexlive.com.