EIA crude oil inventories fall -1.630M barrels vs -0.500M estimate

• Crude oil inventories -1630M vs -0.500M est
• Gasoline inventories +0.069M vs +0.240M estimate
• Distillates inventories +0.125M vs +0.551M estimate
• Cushing -1.979M vs -1.704M last week
• refining utilization -0.7% versus expectations of -1.0%. Previously -0.5%

This article was written by Greg Michalowski at www.forexlive.com.