Weekly EIA oil inventory report -1980K vs +1000K expected

  
Analysis, Crude

Weekly petroleum supply data from the EIA:

  • Gasoline +683K vs -1400K
  • Distillates -3184K
  • Cushing +1785K
There’s been little response from the oil market.
From the API yesterday:
  • Crude -831K
  • Gasoline +1620K
  • Distillates -3420K
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