Crude inventories USOILC=ECI fell by 6.1 million barrels in the week to July 20, compared with analysts’ expectations for a decrease of 2.3 million barrels.
Gasoline stocks USOILG=ECI fell by 2.3 million barrels, compared with analysts’ expectations in a Reuters poll for a 713,000-barrel drop.
Distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 101,000 barrels, versus expectations for a 207,000-barrel increase, the EIA data showed.
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Crude still in an uptrend, up a tad at the moment
Crude 3 month chart
Crude1year chart below
Crude 5 year chart below
Crude10 year chart below
Unleaded Gasoline Price Charts: Uptrend on longer term price chart......bull flag short term(or top?)3 month1 Year5 year........are we headed back to the highs? 10 Year | July 3, 2018, 11:52 a.m. metmike |
Here are the gas prices at the pump:
https://www.gasbuddy.com/GasPriceMap?z=4
Crude is down a bit mid morning Friday.
Here's one technical outlook view: