EIA weekly US oil inventories -3436K vs -1088K expected

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  • Prior was -3741K
  • Gasoline -3665K vs -1043K exp
  • Distillates +1534K vs -1242K exp
  • Refinery utilization -1.5% vs +0.7% expected
  • Production unchanged at 13.3 mbpd

API data late yesterday showed:

  • Crude -4495K
  • Gasoline -1917K
  • Distillates -322K

Crude is mostly moving on geopolitical risks today after the assassination of Hamas’ top political leader and the bombing attack in Beirut.

This article was written by Adam Button at www.forexlive.com.



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