Crude oil inventores drawdown -2.795M vs estimated build of 0.118M

• Crude drawdown -2.795M vs est build of 0.118M
• Gasoline drawdown -2.441M vs estimated drawdown of -0.527M
• Distillates drawdown -0.724M vs estimate of build of 0.481M
• Cushing build of 0.075M vs est of drawdown of -0.457M

Crude oil is trading down $-0.69 or -1.12% and $61.16. The low price reached $60.57. The high price reached $63.04.

Looking at the hourly chart, the price of crude oil is now back below the 100-hour moving average at $61.51, and the 200-hour moving average at $61.61.