US weekly EIA crude oil inventories +1338K vs -675K expected

<ul><li>Prior was 5503K</li></ul><ul><li>Gasoline +8029K vs 2489K exp</li><li>Distillates +6528K vs +2382K exp</li><li>Refinery utilization -0.6% vs -0.8% exp</li><li>Production 13.2 mbpd to 13.2 mbpd</li><li>Impld mogas demand: 8.33mbpd vs 7.95mbpd prior</li></ul><p>This isn't a great number. It hit with oil up 98-cents to $73.20.</p><p>API data released late yesterday:</p><ul><li>Crude: -5.215 million</li><li>Gasoline: +4.896 million</li><li>Distillates: +6.873 million</li></ul>

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