Crude Oil Storage Report - Sept 2

[dan_s]

CRUDE OIL INVENTORY/’000 bbls (Week Ended 8/28/15)

Current: 455,428
Actual Build/(Withdrawal): 4,667
Economist Average Estimate: 444
Previous: 450,761

Just remember that these storage reports are wild ass guesses by EIA and they fluctuate from week to week so much because of the timing of seaborne oil being delivered.

Demand for refined products is up 6.5% YOY during the last four weeks.