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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