EIA report
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Started by Jim_M - June 9, 2021, 10:45 a.m.

Crude down 5 mbbls but unleaded up 7 mbbls.  Huge distillate build too.  Hard to take away anything bullish about that report.  

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Re: EIA report
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By metmike - June 9, 2021, 11:34 a.m.
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Thanks jim!

Oil futures pare gains as EIA reports a drop in U.S. crude supplies, but gasoline stockpiles climb

https://www.marketwatch.com/story/oil-futures-pare-gains-as-eia-reports-a-drop-in-us-crude-supplies-but-gasoline-stockpiles-climb-2021-06-09

The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 5.2 million barrels for the week ended June 4. On average, analysts polled by S&P Global Platts had forecast a decline of 4.1 million barrels for crude stocks, while the American Petroleum Institute on Tuesday reported a 2.1 million-barrel decrease, according to sources. The EIA, however, also reported that gasoline supply climbed by 7 million barrels, while distillate stockpiles rose by 4.4 million barrels for the week. The S&P Global Platts survey had expected weekly supply gains of 1 million barrels for gasoline and 400,000 barrels for distillates.