Crude inventory rises by 3.0M barrels for week ended August 8 – EIA

Published 2 months ago Positive
Crude inventory rises by 3.0M barrels for week ended August 8 – EIA
Auto
[oil pumps on sunset]
ssuaphoto/iStock via Getty Images

* Commercial crude stocks for the week ended August 8: 426.7M BARRELS.
* Crude inventory change: 3.0M barrels vs. -3.0M barrels for the week ended August 1.
* Consensus estimate: -0.900M.
* Gasoline inventory change: -0.8M barrels vs. -1.3M barrels for the week ended August 1.
* Consensus estimate: -1.000M.
* Distillates inventory change: 0.7M barrels vs. -0.6M barrels for the week ended August 1.
* Consensus estimate: 0.350M.
* SPR: 0.2M vs 0.2M for the week ended August 1.
* Crude oil futures (CL1:COM [https://seekingalpha.com/symbol/CL1:COM]) -0.4%
*
* ETFS: (USO [https://seekingalpha.com/symbol/USO]), (UCO [https://seekingalpha.com/symbol/UCO]), (SCO [https://seekingalpha.com/symbol/SCO]), (BNO [https://seekingalpha.com/symbol/BNO]), (DBO [https://seekingalpha.com/symbol/DBO]), (USL [https://seekingalpha.com/symbol/USL]).

MORE ON CRUDE OIL FUTURES

* Commodities: Oil Rallies As Trump Confirms New Deadline For Russia [https://seekingalpha.com/article/4805882-commodities-oil-rallies-trump-confirms-new-deadline-russia]
* Commodities: Risk Of Additional Russia Tariffs Unnerve Market [https://seekingalpha.com/article/4805420-commodities-risk-additional-russia-tariffs-unnerve-market]
* Oil Prices Jump As Trump Trade Deals Boost Global Sentiment [https://seekingalpha.com/article/4805209-oil-prices-jump-as-trump-trade-deals-boost-global-sentiment]
* Crude inventory rises by 7.7M barrels for week ended July 25 – EIA [https://seekingalpha.com/news/4474349-crude-inventory-rises-by-77m-barrels-for-week-ended-july-25-eia]
* Oil futures jump to highest in six weeks as Trump ramps up Russia sanction threats [https://seekingalpha.com/news/4473941-oil-futures-jump-to-highest-in-six-weeks-as-trump-ramps-up-russia-sanction-threats]