US weekly crude oil inventories -9.603 million versus -1.757 million estimate

<ul><li>Prior was -3.831 million</li><li>Crude oil -9.603 million versus -1.757 million estimate</li><li>Gasoline 0.603 million versus -0.126 million estimate</li><li>Distillates 0.124 million versus +0.782 million estimate</li><li>Refinery utilization -0.9% versus 0.2% expected</li><li>SPR draw 1.467 million</li></ul><p>private oil inventories released late yesterday showed:</p><ul><li>Crude -2.408 million</li><li>Gasoline -2.85 million</li><li>Distillates +777, 000</li></ul><p>A bigger than expected drawdown in inventories. The WTI crude oil is trading at $68.24 that's up $0.54 on the day. The low price today reached $67.05.</p>

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