Oil: Private survey of inventory shows a headline crude oil draw smaller than expected

more to come

Headline draw smaller than expected,

distillates draw vs. build expected,

gasoline draw greater than expected

—

Expectations I had seen centred on:

• Headline crude -1.5 mn barrels
• Distillates +1 mn bbls
• Gasoline -1.55 mn

—

Oil back in the news after an all too brief respite:

• investingLive Americas market news wrap: Oil climbs as Trump reimposes sanctions on Iran

This article was written by Eamonn Sheridan at investinglive.com.