US crude oil inventory for the current week -0.515M vs 2.300M estimate
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The weekly inventory data from the EIA shows:
- crude oil inventories -0.515M vs. 2.300M estimate
- Gasoline inventories -2.707M vs 0.600M estimate
- Distillates inventories -0.977M vs -1.595M estimate
- Cushing 0.681M vs -0.346M last week
- Crude production 13.5 million barrels versus 13.5 million barrels previously.
The private data released late yesterday showed:
Crude oil is trading at $68.19 ahead of the release.
The current prices trading at $68.32 after the report
This article was written by Greg Michalowski at www.forexlive.com.
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