EIA weekly oil inventories +4488K vs -1386K expected | Forexlive

• Prior was -12450K
• Gasoline -207K vs -497K expected
• Distillates +985K vs +862K expected
• Refinery utilization +1.4% vs +0.7% expected
• Implied gasoline demand 9.10 mbpd vs 9.44 mbpd prior

API data from late yesterday:

• Crude +5202K
• Distillates +1841K
• Gasoline +1891K

WTI crude oil was trading near a session high ahead of the data at $68.88 per barrel.