Crude oil futures are settling at $68.87. That is down $0.52 or -0.75%.
The weekly EIA inventory data today showed:
Crude oil inventories build of 0.545Mvs build 0.138M estimate. Prior week +2.089 millionGasoline inventories build of 2.054M vs build 0.859M estimate. Prior week -4.407MDistillate inventories drawdown of -0.114M vs drawdown -0.020M estimate. Prior week -1.394MCushing inventories drawdown of -0.140M vs. drawdown -0.688M last week.
This article was written by Greg Michalowski at www.forexlive.com.
