US weekly oil inventories -559K vs +4000K expected
From news.forexlive.com
Weekly energy inventory data from the US Energy Information Administration • Prior oil was +4000K • Gasoline +567K vs -1100K expected • Gasoline prior -4211K • Distillates +4619K vs +1500K exp • Distillates prior +3382K • Refinery utilization vs -0.35% expected Yesterday's API numbers • Oil +1.4m barrels • Distillates +5.3m barrels • Gasoline -2.4m barrels So the numbers were different from consensus and the EIA. There was lots of talk in the past few hours about a bigger distillate build as the heating oil production and storage season ramps up. WTI crude rose about 0.5% on the headlines.
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