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US weekly crude oil inventories -9.603 million versus -1.757 million estimate | Forexlive

  • Prior was -3.831 million
  • Crude oil -9.603 million versus -1.757 million estimate
  • Gasoline 0.603 million versus -0.126 million estimate
  • Distillates 0.124 million versus +0.782 million estimate
  • Refinery utilization -0.9% versus 0.2% expected
  • SPR draw 1.467 million

private oil inventories released late yesterday showed:

  • Crude -2.408 million
  • Gasoline -2.85 million
  • Distillates +777, 000

A bigger than expected drawdown in inventories. The WTI crude oil is trading at $68.24 that’s up $0.54 on the day. The low price today reached $67.05.