EIA weekly US crude oil inventories -2332K vs +2605K expected

• Prior was +4633K
• Gasoline +369K vs -849K exp
• Distillates +3908K vs -1488K exp

The crude draw is good news for the beaten-up oil market but the products numbers are bearish. Higher refinery runs were looking to capture a tighter diesel and fuel oil market.

Private data from late yesterday:

• Crude -640K
• Gasoline +537K
• Distillates -1109K

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