- Prior was -2597K
- Gasoline -1400K vs -2105K expected
- Distillates -5200K vs -1914K expected
- Cushing -585K vs -972K prior
API data released late yesterday:
- Crude +2811K
- Gasoline -1988K
- Distillates -5485K
- Cushing -367K
Gasoline demand is up 7.5% from a year ago and inventories in the US SPR were down by 2.5 million barrels week over week.
WTI crude oil was trading at $117.42 just ahead of the report and up to $118.42 afterwards as the huge volatility in crude continues.
This article was originally published by Forexlive.com. Read the original article here.