EIA weekly US oil inventories +718K vs -1520K expected

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EIA weekly US oil inventories +718K vs -1520K expected

<ul><li>Prior was -5894K</li><li>Gasoline -3105K vs +520K exp</li><li>Distillates +282K vs -2050K exp</li><li>Refinery utilization +1.1% vs -1.2% exp</li></ul><p>Refineries ran harder than assumed last week. </p><p>Private data from late yesterday showed:</p><ul><li>Crude -1300K</li><li>Gasoline +510K</li><li>Distillates +380K</li></ul><p>Crude is softer on this data but all that talk at the moment is about China's reopening. WTI <a href="https://www.forexlive.com/terms/c/crude-oil/" target="_blank" id="e1f1b115-23d2-48c8-98c8-24024dada457_1" class="terms__main-term">crude oil</a> last traded at $77.46.</p>

                This article was written by Adam Button at www.forexlive.com.

Source: EIA weekly US oil inventories +718K vs -1520K expected

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