EIA weekly crude oil inventories -1178K vs -2800K expected

• Prior was -4237
• Gasoline +7717K vs +314K expected
• Distillates +6406K vs -52K expected
• Refinery utilization +0.2% vs +0.2% expected

These are some bearish numbers, particularly on the product side. WTI crude oil was at the highs of the day ahead of the report at $73.53, up $1.79.

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