- Prior was +1448K
- Gasoline -1446K vs -1830K expected
- Distillates -421K vs -1568K expected
- Refinery utilization +0.1% vs +0.5% expected
WTI crude oil was up 99-cents ahead of this report and just below $70/barrel.
This report is good news on the surface but I think yesterday’s EIA data raised expectations. It showed:
- Crude -4600K
- Gasoline -3300K
- Distillates -1300K
This article was written by Adam Button at www.forexlive.com.
#EIA #weekly #crude #oil #inventies #3341K #956K #expected #Forexlive
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