EIA weekly US crude oil inventories -2332Okay vs +2605Okay anticipated

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• Prior was +4633Okay
• Gasoline +369Okay vs -849Okay exp
• Distillates +3908Okay vs -1488Okay exp

The crude draw is sweet information for the beaten-up oil market however the merchandise numbers are bearish. Increased refinery runs had been trying to seize a tighter diesel and gas oil market.

Personal information from late yesterday:

• Crude -640Okay
• Gasoline +537Okay
• Distillates -1109Okay

This text was written by Adam Button at www.ubaidahsan.com.

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