US weekly crude oil inventories +7919K vs -510K expected | Forexlive

• Prior was -451K
• Gasoline +2108K vs +316K expected
• Distillates +2123 vs +1208K expected
• Refinery utilization -2.1% vs +0.1% expected
• SPR draw of 1.9 million barrels

Private oil inventories released late yesterday:

• Crude +1024K
• Gasoline +2075K
• Distillates +1394K

Brent crude oil was trading up 69-cents to $74.98 ahead of the release while WTI traded at $69.95. It briefly turned negative on the day after the release.