EIA weekly crude oil inventories +1357K vs -2200K expected

• Prior was -3728K
• Gasoline -2894K vs -1434K expected
• Distillates -1673K vs -636K expected
• Refinery utilization +1.0% vs +0.1% expected
• Production mbpd 13.3mbpd vs 13.4mbpd prior

API data late yesterday showed:

• Crude -5205K
• Gasoline -3689K
• Distillates +612K

Oil ticked lower on the EIA headlines, which are certainly a twist after the bullish private numbers yesterday. WTI was flat at $78.17 just before the data.

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