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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO
US Crude Production remains 12.9 million BBL/Day (Crude imports rose 0.6 million BBL/day)
Refinery Input falls 0.4 million BBL/day
US Gasoline Inv rose ~9 million BBL (US exports fell by 0.5 million BBL/day)
Crude Inv rise ~1 million BBL, remains ~24.1 million BBL below the 5-year moving avg.
Within the EIA data, this week's report is unchanged. Always part of these reports is an "Unaccounted BBL" measure, which one should read as a statistical error factor. The crude inventory levels for the US carry an error factor of =/- 4-5 million BBL, or about 1%