This ends a streak of large draws.
- Prior was -5836K
- Gasoline +4188K vs -236K expected
- Distillates -1710K vs -960K expected
API data from late yesterday:
- Crude +680K
- Gasoline +1920K
- Distllates -3458K
Oil was higher earlier in the day but began a slump well before this data and was trading up 15-cents before the data.
This article was written by Adam Button at www.forexlive.com.