US EIA Crude oil inventory -3.443M vs -1.333M estimate

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US EIA Crude oil inventory -3.443M vs -1.333M estimate

• Crude oil inventory -3.443m draw versus a draw of -1.333m estimate
• Gasoline inventory -2.006m draw versus a draw of -0.600M estimate
• Distilates build of 4.884M versus a build of 0.833M estimate
• Cushing draw of -0.702M vs a gain of 0.345M last week
• Crude production 13.3M versus 13.2M last week
• refining utilization 1.9% versus expected -0.1%. Per week 1.3%

Crude oil is now trading up $0.17 or 0.21% at $81.58. The high for the day reached $81.83. The low for the day was down at $80.81. Crude oil has been lower for three consecutive days

The private data released late yesterday showed

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

Source: US EIA Crude oil inventory -3.443M vs -1.333M estimate

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