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EIA weekly US crude oil inventories -3728K vs -700K expected

Prior was -3436KGasoline +1340K vs -986K expectedDistillates +949K vs +241K expectedRefinery utilization +0.4% vs +0.8% expectedProduction 13.4mbpd vs 13.3mbpd prior

WTI crude oil was up $1.40 ahead of this data and has slightly extended its gains since.

API data late yesterday showed:

Crude +180KGasoline +3310KDistillates +1220K

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

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