EIA weekly crude oil inventies -3341K vs -956K expected


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  • Gasoline -1446K vs -1830K expected
  • Distillates -421K vs -1568K expected
  • Refinery utilization +0.1% vs +0.5% expected

WTI crude oil was up 99-cents ahead of this report and just below $70/barrel.

This report is good news on the surface but I think yesterday’s EIA data raised expectations. It showed:

  • Crude -4600K
  • Gasoline -3300K
  • Distillates -1300K

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

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