- Prior was -2032K
- Gasoline -1022K vs -561K expected
- Distillates -3155K vs +129K expected
- Refinery utilization +1.2% vs +0.8% expected
Private data released late yesterday:
- Crude +4287K
- Gasoline -1374K
- Distillates -3675K
WTI crude oil was down 13-cents to $63.58 ahead of the data. It recovered from earlier lows after data showed Kazakhstan reduced output in April.
This update is a drag for oil prices but there is strong product demand, evidently.
This article was written by Adam Button at www.forexlive.com.
#EIA #weekly #crude #oil #inventories #3454K #1078K #expected #Forexlive
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