Crude inventories are expected today at 10:30 AM EST. For the week ending December 31, U.S. commercial crude oil inventories had decreased by 4.2 million barrels from the previous week to 335.3 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 15.0 million barrels per day during this period, 59 thousand barrels per day above the previous week’s average. U.S. crude oil imports were averaging 8.4 million barrels per day, down by 367 thousand barrels per day from the previous week.
Today at 2:00 PM EST, the Department of Treasury will release the balance of the Treasury Budget for December with an anticipated deficit of $86 billion, following the reported $150.394 billion deficit in November.
Upcoming Releases
Crude Inventories (01/12 at 10:30 AM EST)
Treasury Budget (01/12 at 2:00 PM EST)
Fed’s Beige Book (01/12 at 2:00 PM EST)
PPI (01/13 at 8:30 AM EST)
