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Weekly crude oil inventories for the current week fall -2.313 million vs -3.291M estimate

The weekly crude oil inventory data is showing

  • Crude oil -2.313M versus estimate of -3.291 million
  • Gasoline -2.504M versus estimate of -2.107 million
  • Distillates -1.294M versus estimate of -2.352 million

The private data last night showed larger drawdowns:

Crude oil is currently trading at $95. The price was trading at $95.20 just before the report.

This article was written by Greg Michalowski at investinglive.com.

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