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EIA weekly crude oil inventories +1745K vs +512K expected
Oil
- Prior was +1448K
- Gasoline +1745K vs -5737K expected
- Distillates -2812K vs -1559K expected
- Refinery utilization +0.4% vs -0.6% expected
Private oil data released late yesterday:
- Crude +4593K
- Gasoline -1708K
- Distillates -2146K
This is a moderately bearish report but it's mitigated by the large drawdown in distillates.
Source: Forex Live
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