US weekly EIA crude oil inventories -10584K vs -3267K expected

<ul><li>Prior crude -6135KK</li><li>Gasoline -214K vs -933K expected</li><li>Distillates +1235K vs +189K expected</li><li>Refinery utilization -1.2% vs +0.0% expected</li><li>Production estimate 12.8 mbpd vs 12.8 mbpd prior</li><li>Impld mogas demand: 9.07 mbpd vs 8.91 mbpd prior</li></ul><p>The API data late yesterday showed:</p><ul><li>Crude -11486K</li><li>Gasoline -1400K</li><li>Distillates +2460K</li></ul><p>This number isn't quite as good as the API number but there was some disbelief at the huge API draw and now there are fresh bids in oil.</p>

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