Weekly crude oil inventory +7.698M vs estimates of -1.288M

Forex Short News
  • Crude oil 7.698 million vs expectations of -1.288M
  • Gasoline -2.724M vs. expectations of -0.620M
  • Distillates +3.635M vs. expectations of +0.295M
  • Cushing 0.690M vs. 0.455M last week
  • Production comes in at 13.314 million versus 13.273 million last week

The private data released late yesterday showed:

The price of crude oil is trading near $69.50 ahead of the report, up $0.28 on the day.

This article was written by Greg Michalowski at investinglive.com.