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EIA weekly US crude inventories -4226k vs -2000k exp
EIA weekly US crude inventory data week ending 20 May 2016 • Prior 1310k • Last nights API -5140k • Cushing -649k vs -450k exp. Prior 461k • Gasoline 2043k vs -1500k exp. Prior -2496k • Distilates -1284k vs -1000k exp. Prior -3170k • Refinery utilisation -0.8% vs 0.4% exp. Prior 1.4% A bigger draw than expected but the market would have adjusted that based on the API data. WTI dropped nearly 60 cents from 49.57 but has recovered around half of that.