EIA weekly US oil inventories -3831K vs +329K expected

<ul><li>Prior was +7919K</li><li>Gasoline +479K vs +113K exp</li><li>Distillates +433K vs +705K exp</li><li>SPR release 1.7 million barrels.</li></ul><p>API data released late yesterday has weighed on oil prices today:</p><ul><li>Crude +1246K</li><li>Gasoline +2935K</li><li>Distillates +301K</li></ul><p>The latest EIA numbers are certainly better than API but there has been little initial reaction.</p>

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