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Home.forex news reportWeekly US crude oil inventories -6.873M vs -0.993M estimate

Weekly US crude oil inventories -6.873M vs -0.993M estimate

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  • Crude drawdown of -6.873 million vs expected drawdown -0.993M barrels
  • Distillates drawdown of -0.371 million vs. expected build of 0.481M barrels
  • Gasoline build of +0.848 million vs expected drawdown of -0.730M barrels
  • Cushing drawdown of -1.142M vs last week drawdown of -0.668M

The private data released late yesterday showed a large drawdown in Crude stocks which seems to be managing the private API numbers released yesterday:

This article was written by Greg Michalowski at www.forexlive.com.

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