US weekly EIA oil inventories -4553K vs -1904K expected

  • Weekly US crude storage data
  • Prior crude -2144K
  • Gasoline +7961K vs +2408K expected
  • Distillate +2537K vs +1757K expected

The API numbers late yesterday showed:

  • Crude -1077K
  • Gasoline +10860K
  • Distillates +3035K

Oil initially hit new session highs on the report but has given some of that back:

oil chart

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