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EIA weekly US crode oil inventories -4632K vs -1354K anticipated

  • Prior was +1609K
  • Crude -4632K vs -1354K exp
  • Gasoline +5421K vs +1027K exp
  • Distillates +1267K vs +1526K exp
  • Refinery utilization +0.7% vs +0.8% prior
  • Manufacturing -100K to 13.1mbpd

Late yesterday, the API reported:

  • Crude +594K
  • Gasoline +2830K
  • Distillates +890K

WTI crude was down $1.88 to $70.43 forward of the information and is not doing a lot afterwards.

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

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