Weekly crude oil build of 1.233M vs draw expected of -2.311M

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  • Crude oil inventories have a build of 1.233M vs a drawdown of -2.311M estimate
  • gasoline build of 2.102M vs 1.964M est.
  • Distilates build 3.197M vs 2.532M estimate
  • Cushing build of 0.854M vs -1.766M last week.
  • Crude production 13.1M unchanged from previous week.

Crude oil is trading at $73.68. That’s up $0.43 on the day.

This article was written by Greg Michalowski at www.forexlive.com.

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