DOE inventory data shows crude oil inventories 856K vs -3000K est.

Crude oil was trading at $52.22 before report.

• Crude oil sees a build of 856K vs -3000K estimate
• Gasoline shows a draw of -5465K vs 1700K estimat
• Distilates -5246K vs 0K estimate

The API data from yesterday did a good job of estimating the changes. In fact, the data was more or less spot on vs. there numbers.

As a result, the price of crude oil is little change at $52.29 currently (was $52.22 right before the report).