EIA crude oil inventory data rose sharply in the week, oil fell more than 2%

Beijing time on August 31 evening news US EIA announced that the inventory data in the week was significantly higher than expected, crude oil futures prices fell rapidly, oil oil fell more than 2%.

precise data:

In the US on August 26, EIA crude oil inventories + 2.276 million barrels, expected +1.5 million barrels, the previous value +25.01 million barrels.

In the US on August 26, EIA gasoline stocks were -691,000 barrels, expected to be -1.25 million barrels, and the previous value was +3.6 million barrels.

In the US on August 26, EIA refined oil inventory + 1.496 million barrels, expected +275,000 barrels, the previous value of 12,22,000 barrels.

In the US on August 26, the EIA refinery equipment utilization rate was 92.8%, expected to be 91.9%, and the previous value was 92.5%.

In the US on August 26, the EIA Cushing area crude oil stocks were -103,000 barrels, expected to be +450,000 barrels, and the previous value was +375,000 barrels.

The forecast data of the top 10 institutions are as follows:

1. Bloomberg: +825,000 barrels; 2. Reuters: +1.1 million barrels; 3. Citi Futures: +1.5 million barrels;

4. Mizuho Securities USA: +1.5 million barrels; 5. Energy hedge fund Again Capital: +900,000 barrels;

6, Commodity Research Group: +1.1 million barrels; 7, energy research company Energy Analytics LLC: +3 million barrels;

8. Consulting firm Frost & Sullivan: +2.25 million barrels; 9, Price Futures: -2 million barrels; 10, Schneider: +1.5 million barrels.

After the data was released, the price of crude oil fell

As of press time: WTI crude oil fell 0.8 US dollars in short-term, the decline expanded to 1.8%, reported 45.52 US dollars / barrel. Brent crude oil fell $0.60 in short-term, and the decline widened to 2% to $47.74/barrel.

In September, OPEC oil-producing countries will hold an informal meeting in Algeria to discuss how to stabilize the market price of crude oil.

Al-Falih, Minister of Energy of Saudi Arabia, the world's largest crude oil exporter, said that the current global crude oil inventories have been much higher than the historical average and the market supply is saturated. Therefore, Saudi Arabia does not believe that it is necessary to continue to increase crude oil production in the short term.

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