July 27, 2016

CRUDE OIL INVENTORY/000 BBLS

Week Ended 7/22/2016

Current Inventory:                          521,133

Actual Build/(Draw):                       1,671

Economist Average Estimate:     (2,020)

Previous Inventory:                        519,462

 

Crude oil storage increased for the first time after nine weeks of storage draws. Economist’s estimates called for a draw of 2 million barrels, but the week’s data showed a build of 1.7 million barrels instead. Total gasoline stocks also rose after garnering atte...


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