Crude oil inventories in the current week -6.014M versus -1.759M estimate

Forex Short News
  • Crude oil -6.014M drawdown vs estimated drawdown of -1.759M
  • Gasoline -2.720M drawdown vs estimated drawdown of -0.915M.
  • Distillates +2.343M build vs estimated build of +0.928M.
  • Cushing 0.419M build last week showed a build of 0.045M

The private data last night showed

The price of crude oil is trading at $62.50 up $0.73 on the day. The high for the day reached $62.80. The low was at $61.83.

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