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EIA weekly crude oil inventories +6165K vs -2116K expected

  • Prior was -3341K
  • Gasoline -1551K vs -1720K exp
  • Distillates +264K vs -1013K
  • Refinery utilization -1.0% vs +0.7% exp

These are disappointing numbers but not a shock as the API numbers late yesterday showed:

  • Crude +6037K
  • Gasoline -1628K
  • Distillates -11K

Crude was flat ahead of the report.

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

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