Weekly Oil Statistics

May 13, 2020
Print Friendly, PDF & Email

EIA reported a draw of -745 MBbls in U.S. crude-oil inventories for the week ending 5/8/2020. This was smaller than the average estimate of 4320 MBbls as reported by Bloomberg.

Prices were up five minutes following the announcement, to $26.39, from $25.61 just before 9:30am.

Inventories for the US are now at a surplus of 64.872 MBbls to last year and a surplus of 54.82 MBbls to the five-year average.

Access Our Deeper Market Insights

Product Factor Matrix

Proprietary view of priced-in factors driving the market vs. potential bullish and bearish surprises.

Learn More

Trading Recommendations

Clear trading recommendations based on real market opportunities that enable clients to take action.

Learn More

Market Data

A comprehensive suite of the latest curves, spot pricing, settles, and strips to drive confident hedging decisions.

Learn More

Benchmarking and Trade Analytics

Real-time access to analyze your hedging strategy against AEGIS benchmarks and current market activity.

Learn More