EIA weekly US oil inventories +718K vs -1520K expected

• Prior was -5894K
• Gasoline -3105K vs +520K exp
• Distillates +282K vs -2050K exp
• Refinery utilization +1.1% vs -1.2% exp

Refineries ran harder than assumed last week.

Private data from late yesterday showed:

• Crude -1300K
• Gasoline +510K
• Distillates +380K

Crude is softer on this data but all that talk at the moment is about China's reopening. WTI crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Read this Term last traded at $77.46.