EIA weekly crude oil inventories +597K vs -583K expected

  • US weekly oil inventory data
  • Prior was -3739K
  • Gasoline -331K vs -1600K exp
  • Distillates -606K vs -764K exp
  • Refinery utilization -0.3% vs +0.5% exp
  • Production 12.3 mbpd vs 12.2 mbpd prior

WTI crude oil was challenging the important $83 zone before the release.

WTI crude oil daily

As the old saying goes, sextuple tops are quintuple tops that missed their cue.

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