US EIA weekly oil data released today will include the new ‘transfers to crude supply’ series, which should help to cool some of the large swings and unusual numbers in this pair over the past two years.
Expectations for today’s report
- Headline crude +1793k
- Distillates -1242k
- Gasoline +622K
There is some confusion about what will be released today and when. The report at the bottom of the hour shows the Nov 10 release on my calendar but it might be revisions to week prior with the Nov 10 data to be released at 1 pm ET.
API data released late yesterday:
- Crude +1335K
- Gasoline +195K
- Distillates -1022K
WTI crude oil is down $1.08 to $77.17 today.
WTI crude oil daily