EIA crude inventories see a draw of -2.597M vs expectations of a build of 2.748M

  • Crude oil-2.597M vs -2.748M est
  • gasoline -0.468M vs -1.375M estimate
  • Cushing -0.972M vs -2.04M last week
  • Distilates -0.573M vs -1.726M estimate

Crude oil is trading at $108.80. That is up $5.34 on the day but off the intraday high at $112.48 in volatile trading.

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