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EIA weekly crude oil inventories -846K vs -2265K expected

  • Prior was -4649K

Details:

  • Gasoline -2203K vs -2265K expected
  • Distillates +275K vs -1083K expected
  • Refinery utilization +1.0% vs +0.2% expected
  • Production mbpd 13.3mbpd vs 13.4mbpd prior

API data released late yesterday:

  • Crude -3400K
  • Gasoline -1860K
  • Distillates -1400K

Ahead of the release, WTI crude oil was trading lower by 77-cents to $74.78.

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

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