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EIA weekly oil inventories +3845K vs -1809K expected

This ends a streak of large draws.

  • Prior was -5836K
  • Gasoline +4188K vs -236K expected
  • Distillates -1710K vs -960K expected

API data from late yesterday:

  • Crude +680K
  • Gasoline +1920K
  • Distllates -3458K

Oil was higher earlier in the day but began a slump well before this data and was trading up 15-cents before the data.

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

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