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EIA Weekly Petroleum Status Report

latex liquid pressure tankCrude oil buying and selling modestly increased on continued geopolitical risks and forward of today’s weekly stock report from the EIA at 1430 GMT.
Iraqi forces continue to recapture territory from the Kurds while shipping sources say that flows by the Kurdish pipeline to the Turkish port of Ceyhan have dropped petroleum equipment services 2013 sharply to around 225,000 barrels per day from around 500,000 bpd on Tuesday.
Oil acquired a lift yesterday after the API mentioned US oil stocks fell 7.13m barrels final week, greater than double what surveys expect the EIA report will present later in the present day. The features however had been somewhat hampered by a rise in both gasoline and distillates and if confirmed by the EIA the latter would represents the primary rise in seven weeks.
Notice: Export, imports and off-shore crude oil production are all more likely to have been impacted by Hurricane Nate which hit the Gulf of Mexico during the reporting week.
Updates to comply with beneath once the report is out.

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