EIA weekly US oil inventories -934K vs -1635K expected

• Gasoline +2348K vs +2060K exp
• Distillates -3180K vs +661K exp
• Refinery utilization -0.6% vs -0.2% exp

Private oil data released late yesterday:

• Crude -4700K
• Gasoline +2400K
• Distillates +700K

Ahead of the data, WTI crude oil was up 82-cents to $70.90, having erased all of the decline on Tuesday.

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