EIA weekly crude oil inventories +2553Ok vs +1421Ok anticipated
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- Prior was +6165Ok
- Gasoline -1600Ok vs -1513Ok exp
- Distillates -3544Ok vs +264Ok exp
- Refinery utilization +zero.7% vs +zero.5% anticipated
Personal inventories from the API late yesterday:
- Crude -1057Ok
- Gasoline +207Ok
- Distillates -1844Ok
It has been a tough stretch for oil on international progress considerations. WTI crude oil was down $2.73 to $56.85 forward of this knowledge however ticked up on the headlines. it is plunged for 5 straight days to a four-year low.
This text was written by Adam Button at www.ubaidahsan.com.
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