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Weekly oil inventory data shows crude oil build of -1.536M vs 1.338M estimate

Weekly oil inventory data shows crude oil build of -1.536M vs 1.338M estimate
  • Crude oil inventories draw -1.536M versus a build of 1.338 million estimate.
  • Distillate inventories build of 0.888M versus a drawdown of -0.150 million estimate
  • Gasoline inventories drawdown of -5662M versus a drawdown of -1.900 million estimate
  • Cushing -0.220M versus a build up 0.701M last week

Crude oil is trading at $79.23 marginally higher than the pre-release levels

This article was written by Greg Michalowski at www.forexlive.com.

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