• Crude oil inventories -1.019M vs. a draw of -0.737M estimate. The private data released showed a surprise build of 0.600M
  • Gasoline inventories -0.482M vs. a draw of -0.634M estimate. The private data showed a larger than expected draw of -4.200M
  • Distillates +1.657M vs. expected build of 0.917M estimate.
  • Cushing -1.061M vs. last week's -2.403M

Crude oil was trading at $110.75 just before the release.. The current prices trading modestly lower at $110.68