EIA weekly crude oil inventories +597K vs -583K expected | Forexlive
- Prior was -3739K
- Gasoline -331K vs -1600K exp
- Distillates -606K vs -764K exp
- Refinery utilization -0.3% vs +0.5% exp
- Production 12.3 mbpd vs 12.2 mbpd prior
WTI crude oil was challenging the important $83 zone before the release.
As the old saying goes, sextuple tops are quintuple tops that missed their cue.