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EIA weekly crude oil inventories +3889K vs -1250K expected

  • Crude oil inventories +3889K vs -1250K exp
  • Gasoline inventories +1119K vs +450K exp
  • Distillates inventories -1284K vs -1400K exp
  • Refinery utilization -3.3% versus expectations of -0.5%. Previously -1.2%

I wonder if there isn’t some kind of skew here due to hurricane preparations. The private oil data showed a decent draw and a bigger draw in distillates.

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

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