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EIA weekly crude oil inventories -5073K vs -671K expected

  • Prior was -1844K
  • Gasoline inventories +2362K vs +639K expected
  • Distillate inventories +3383K vs +940K expected
  • Refinery utilization +2.8% vs +0.5% expected

Private inventories released yesterday:

  • Crude +1232K
  • Gasoline +4623K
  • Distillates +1014K

The official numbers are better than the private data. WTI crude oil was down 27 cents to $69.69 ahead of the data.

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

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