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Weekly EIA crude oil inventory -3.169 vs -1.565 million estimate

  • Crude oil inventory -3.169M vs -1.565M estimate
  • Gasoline -0.908M vs -0.908M estimate
  • Distillates 2.931M vs -1.135M estimate’
  • Cushing 0.455M vs 0.213M last week.

The private data released late yesterday showed:

The price of crude oil is currently trading down $0.45 or -0.69% at $64.95. The price is trading above and below its 100 day moving average at $64.94.

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

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