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EIA US weekly crude oil inventories +3591K vs -2850K anticipated

  • Prior was -2547K
  • Gasoline stocks +2654K vs -1024K expected
  • Refinery utilization -1.3% vs +0.1% expected
  • Distillates -377K vs -1050K expected
  • Production unchanged at 13.2 mbpd

These numbers are bearish.

API inventory numbers from late yesterday:

  • Crude +914K
  • Gasoline +3843K
  • Distillates -1178K

This article was written by Adam Button at www.forexlive.com.

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