US weekly EIA oil inventories +4515K vs +442K expected

• Prior oil +1121K
• Gasoline -582K vs -1450K exp
• Distillates -585K vs -1763K exp
• Cushing -2049K -1900K prior
• Refinery utilization +2.1%

API data released late yesterday:

• Oil +5983K
• Gasoline +427K
• Distillates -985K
• Cushing -2066K

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 was trading at $97.35 just before the report and fractionally higher afterwards, but largely unmoved.