Prior was +2149Crude oil inventories +2089 K vs +750K expGasoline inventories -4407K vs +586K expDistillates inventories -1394K vs +234K expRefinery utilization +0.9% versus expectations of +0.6%
Private inventory data released late yesterday:
Crude -777KGasoline +312KDistillates +1136K
WTI crude was trading up 45-cents ahead of the report. Despite the headline, I take this as a bullish report on the large draw in products.
This article was written by Adam Button at www.forexlive.com.
