EIA weekly crude oil inventories +9880K vs +1750K expected | Forexlive

• Lagest build since March 2021
• Prior was -1356K
• Gasoline +2023K vs -1825K exp
• Distillates -4853K vs -2050K exp
• SPR sales were 7700K last week
• Implied gasoline demand down 1189K w/w
• Total product supplied demand -1560K w/w

Late yesterday the API report showed:

• Oil +7050K
• Gasoline +2000K
• Distillates -4560K

This is a big draw but oil is holding up.