OIL - private inventory data shows larger than expected draw in US crude inventory

Headline was expected to be a draw of around 1.8 mln barrels

Other estimates from surveys ahead of the release:

• Gasoline: +0.6m bbls ….. result is a much bigger build than expected
• Distillate: +0.8m bbls … was expected to be a draw but comes in at a build
• Cushing: -71K bbls …. a smaller draw than expetcted