US private oil inventory data shows a surprisingly large draw

Author: Adam Button | Category: News

Weekly private oil inventory data

  • Crude -3720K
  • Cushing -251K
  • Gasoline +2930K
  • Distillates +794K
Expectations for tomorrow's EIA report:
  • Crude -1500K
  • Gasoline +2000K
  • Distillates -500K
  • Refinery utilization +0.7%
The surprise draw in crude is balanced out by the builds in products. WTI initially rose 30 cents but has given it all back.

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