EIA weekly crude oil inventories -846K vs -2265K expected

• Prior was -4649K

Details:

• Gasoline -2203K vs -2265K expected
• Distillates +275K vs -1083K expected
• Refinery utilization +1.0% vs +0.2% expected
• Production mbpd 13.3mbpd vs 13.4mbpd prior

API data released late yesterday:

• Crude -3400K
• Gasoline -1860K
• Distillates -1400K

Ahead of the release, WTI crude oil was trading lower by 77-cents to $74.78.

This article was written by Adam Button at www.forexlive.com.