Crude oil inventories +3889K vs -1250K expGasoline inventories +1119K vs +450K expDistillates inventories -1284K vs -1400K expRefinery utilization -3.3% versus expectations of -0.5%. Previously -1.2%
I wonder if there isn’t some kind of skew here due to hurricane preparations. The private oil data showed a decent draw and a bigger draw in distillates.
This article was written by Adam Button at www.forexlive.com.
