The weekly EIA inventory data shows:
- Crude oil inventories build of 0.545Mvs build 0.138M estimate. Prior week +2.089 million
- Gasoline inventories build of 2.054M vs build 0.859M estimate. Prior week -4.407M
- Distillate inventories drawdown of -0.114M vs drawdown -0.020M estimate. Prior week -1.394M
- Cushing inventories drawdown of -0.140M vs. drawdown -0.688M last week.
The private inventory data released late yesterday showed:
Crude oil is trading at $69.21. That’s down marginally on the day.
This article was written by Greg Michalowski at www.forexlive.com.
