- Prior was +6165K
- Gasoline -1600K vs -1513K exp
- Distillates -3544K vs +264K exp
- Refinery utilization +0.7% vs +0.5% expected
Private inventories from the API late yesterday:
- Crude -1057K
- Gasoline +207K
- Distillates -1844K
It has been a rough stretch for oil on global growth concerns. WTI crude oil was down $2.73 to $56.85 ahead of this data but ticked up on the headlines. it’s plunged for five straight days to a four-year low.
This article was written by Adam Button at www.forexlive.com.