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EIA weekly US crude oil inventories +6413K vs +1960K expected

  • Prior was -+5202K
  • Gasoline -945K vs -1888K expected
  • Distillates -637K vs -2028K expected

Private data from late yesterday:

  • Crude +1300K
  • Gasoline -1400K
  • Distillates +944K

Yesterday was a rough day in the oil complex and this won’t make it any better, though the initial reaction is only slightly lower.

This article was written by Adam Button at investinglive.com.

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