Weekly crude oil inventories from the EIA:
- Prior was +2385K
- Gasoline -1412K vs +615K expected
- Distillates --1934K vs +874KK expected
- Cushing -2540K
API data released yesterday:
- Crude +3700K
- Gasoline +3750K
- Distillates -1300K
The market wasn't really 'expecting' -2500K after the API data yesterday. With the fall in gasoline inventories, you could argue this is a bit more bullish. The initial move in WTI has been minor.
