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EIA weekly crude oil inventories +1357K vs -2200K expected

Prior was -3728KGasoline -2894K vs -1434K expectedDistillates -1673K vs -636K expectedRefinery utilization +1.0% vs +0.1% expectedProduction mbpd 13.3mbpd vs 13.4mbpd prior

API data late yesterday showed:

Crude -5205KGasoline -3689KDistillates +612K

Oil ticked lower on the EIA headlines, which are certainly a twist after the bullish private numbers yesterday. WTI was flat at $78.17 just before the data.

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

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