Crude oil inventories in the private data yesterday showed a build to inventories

The Department of Energy releases their weekly inventory data.

Late yesterday, the private data was released by API showing:

The estimates from Bloomberg are showing:

  • Crude oil +900K
  • Gasoline +2000K
  • Distillates -700K
  • There is no estimate for cushing, but last week there was a draw of -3150K

The price of crude oil is trading at $64.35. That is down $-.15 or -0.23% on the day.