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Sun, 22nd January 2017

Anirudh Sethi Report

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EIA weekly oil inventories -7051K vs -2000K expected

Weekly energy data from the EIA

  • Prior was +614K
  • Gasoline inventories +8307K vs +1000K expected
  • Distillates +10,051K vs -800K expected

Those huge builds in gasoline and distillates outweigh the surprise build in oil. WTI is down to $53.40 from $54.00.

 

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