EIA weekly US crude oil inventories +2149K vs +1103K expected
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- Prior was +5474
- Crude oil inventories +2149K vs +1103K exp
- Gasoline inventories +412K vs -878K exp
- Distillates inventories +2947K vs -1137K exp
- Refinery utilization +1.4% versus expectations of +0.3%
Private inventory data released late yesterday:
- Crude +1643K
- Gasoline -2019K
- Distillates -1478K
Today’s report is bearish for crude but ahead of the report, it had made an impressive comeback.
This article was written by Adam Button at www.forexlive.com.
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