Crude oil draw of -4.870M vs expected draw of -0.033MGasoline inventories build of 3.328M vs expected draw of -1.600MDIstillates build of 3.454M vs expected draw of -0.833MCushing drawdown of -0.875M vs last week -0.702M drawRefining utilization -1.7% versus expected -0.1%. Previous +1.9%
Crude oil is trading at $82.04 up $1.31 after the data.
The private data foreshadowed the sharp fall in inventories for crude, and to some extent the build in distilates. Gasoline build was greater than the private data:
This article was written by Greg Michalowski at www.forexlive.com.
