Cushing Draws and Record Production Define Oil Inventories

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  • 22 Feb '18 at 4:09 am #15139
    TradersCom
    Keymaster

    Another week of record crude production and rising…

    [article]593[/article]

    22 Feb '18 at 8:19 pm #15147
    TradersCom
    Keymaster

    [b]Preliminary US crude imports by country of origin:
    [/b]
    Canada -304kbpd w/w to 3.219mbpd
    Saudi Arabia -183kbpd to 517kbpd
    Venezuela -323kbpd to 174kbpd
    Mexico -317kbpd to 395kbpd
    Colombia -366k to 182kbpd
    Iraq +183k to 743kbpd
    Nigeria +68k to 380kbpd
    Kuwait +155k to 274kbpd

    22 Feb '18 at 9:04 pm #15148
    Assistanc3
    Participant

    9th consecutive week of crude draws, bringing the total to its lowest since December 2014

    23 Feb '18 at 3:39 am #15153
    ThePitBoss
    Participant

    WTI crude oil futures settled at $62.77 Up $1.09 or 1.77% on the day

    They saw a high of $63.09 after the report and a low of $60.75 prior.

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