- Prior was -2332K
- Gasoline -1433K vs -369K exp
- Distillates -1318K vs +220K exp
- Refinery utilization -0.6% vs +0.2% expected
Private oil data released late yesterday:
- Crude -1455K
- Gasoline -1249K
- Distillates +1136K
WTI today traded to $65.93, which is the lowest since September. US production will be declining this year if prices stay at these levels.
This article was written by Adam Button at www.forexlive.com.
#EIA #weekly #crude #oil #inventories #3614K #341K #expected #Forexlive
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