- Crude oil inventories build of 2.774 million versus 0.055 million estimate
- Distillates inventories build of 1.147 million versus 0.556 million estimate
- Gasoline inventories build of 2.513 million versus 0.745 million estimate
- Refining utilization 2.3% versus expected 0.8%. Prior was 0.6%
- Crude oil production 13.814 million barrels versus previous 13.834 million barrels
- Crude production change -20 K versus -28K last month
Crude oil is currently trading at $57.98 that’s up $0.03 on the day.
Geopolitical news involving a hopeful peace agreement between Ukraine and Russia has traders eyeing its impact. The low for the week extended to $57.38. The high is at $60.85. Last week, the price closed at $57.97 nearly unchanged from the current level.
This article was written by Greg Michalowski at investinglive.com.
