EIA weekly crude oil inventories -3426K vs -603K expected

  • Some good news for oil on the headline but the details aren't so great
pumpjack
  • Prior was +6413K
  • Gasoline +2327K vs -227K exp
  • Distillates +171K vs -1215K

WTI crude oil is down $1.66 to $59.10 today on hopes for a Ukraine-Russia peace and after Russia's top oil companies said that sanctions haven't affected exports.

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