EIA weekly crude oil inventories +1745K vs +512K expected

• Prior was +1448K
• Gasoline +1745K vs -5737K expected
• Distillates -2812K vs -1559K expected
• Refinery utilization +0.4% vs -0.6% expected

Private oil data released late yesterday:

• Crude +4593K
• Gasoline -1708K
• Distillates -2146K

This is a moderately bearish report but it’s mitigated by the large drawdown in distillates.

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